However, this carries significant risk if your financial situation doesn’t improve as anticipated.I hope this helps, and this is just the tip of the iceberg when it comes to mortgage loans. 

Nursery room post- piers being filled and after scrubbing floors, before replacing with LVP Pro tip.... do foundation BEFORE you have a 1 year old in the house. 9.   

Creative Financing Tips: For those who’ve done this before, what are the dos and don’ts?

Looking for tips and help to add another property!

However, I want to ensure that my rental contract is comprehensive and protects both my interests and those of my tenants.I'd greatly appreciate any advice or tips on what to include in a medium-term rental contract.

I think these tips can apply for lots of vacation rental markets.

Thank you for the tip, Colleen.

Any advice or tips for someone new to investing? 

You'll regret it.A tenant must be a law abiding citizen (no criminal background), willing (credit verification) and able (job income verification only w/ no commission or tip payments included) to pay rent and take care of a home (landlord references)   If they pass all these, then whether they are "nice" or not comes into play.  

The worst part of renting to my Parakeet tenant is that her cars are spotless, her house is spotless, every time I go over my car needs to be washed and all I can think is they must look at it and think "geez, there goes the neighborhood" lolOne of my best tips, I learned from a friend who owns 50 plus rentals- always collect the rent in person.