one thing I didn't see in this thread is... do you WANT to own and operate an STR?! 

So as a newer person in an area if you want a lot of bids before you close you'll normally end up with the more expensive guys or the ones that don't have work at the moment (usually for a reason).

Do you have the funds to carry the payments if no one is renting it ? 

@Denis Orlov I don't do STR, but I've rented one of my personal properties for arbitrage before. 

I've been a financial planner for 17+ years and one of the main things I've learned is that the more I think I know what's going on, the less I'm actually correct. 

Quote from @Jack Townsend: I heard David Greene mention a loan product that only requires a 10% down payment on the purchase price and 10% of the rehab budget.

It took ten seconds to find this one: https://www.miamidade.gov/socialservices/library/sample-60-d...You can do it.

And not only that, my cash flow on my new properties was low or sometimes zero.

Currently have a small rental sfh on a lot that can clearly build at least a 4 unit on it.

Would a bank even allow us to mortgage multiple buildings on a single lot without it being subdivided?