But it also is a money pit if you don’t have the experience.  

A few questions for those who have experience with this: 1.

Do you mind sharing the name of that type of loan/lender that allows you to have the seller carry on a second position?

Then I would share those numbers with dad.

@Kenneth Joseph PerfidoFrom my experience, you’re in a great position with your Newport property, strong cash flow, and a low 2.8% interest rate.

I'm interested in the VB/VA and OK City markets (lots of family in OK now), but then again, I don't have much experience analyzing markets. 

I just want to hear from regular investors about their experience.   

However, I've heard lots of bad experiences online with Guesty, Hostaway, Hostfully, etc. etc.

I have the credit, experience and the knowledge on how to underwrite the deal to show their ROI in this arrangement vs a traditional sale. 

You'll most likely still need a coborrower at first, but may be able to refi them out of the deal in a year or two once you have qualifying experience and operating history - then you can likely use all of the rental income towards your gross income.