The costs could be justified if the rental performs well (a little less profit short term, for longer term appreciation gains and with little to no effort on my part).

You could look for a property that would work for a short term rental, which could increase cash flow allowing you to quickly put more money in reserves and for your vacation home, or to pay back a money partner.

@Rafael Ramos if you're looking to make some solid returns and open to short term rentals as you had mentioned, reach out to @Josh Green.

@John Underwood @Jay Hinrichs It reminds me of my first short sale.

Send them a short, professional notice that they failed to abide by the agreement and you are putting the rental back on the market.

In February of 2024, Profound Commerce was acquired by the AMBR group for nine figures in cash and stock.After a short transition that ended in April 2024, we were out the door at AMBR.

You can also utilize a rate/term refinance option which allows for higher LTV typically and can be designed to include the closing costs, so you don't need to go out of pocket at closing.I'd also highly recommend looking to get your FICO to a 680 as most lenders will adjust terms and rates in intervals of 20's so getting to the 680 mark will help your terms significantly.

I also have lost out on a house because I was some dollars short of the 10%.I know the area and property quite well, and familiar with the foreclosure case for the particular property in question.The reason I ask is, because I am not physically in the area and wanted to see if any service exists, where they can bid on your behalf, when you tell them your maximum, and perhaps hook up with a HML, where the 10% down payment in certified funds is not a hinderance.

@Jahid M.Starting a rental business involves researching local regulations, using platforms like Airbnb and VRBO for short-term rentals, targeting mid-term rentals like traveling nurses or business professionals, and considering Section 8 tenants for stable income.

And along the bay generally there is no smoke there :)  ANd if there was it would be quite short lived.