How passive and how safe these other options are, are also important factors to take into consideration.

The next factor is since you are looking to use that towards a down payment for your next investment you will need at least 20-25% down payment.

Factors to consider include proximity to campus, tenant turnover, seasonality, property management, and financing options.

You have an 8% vacancy factor, but does that include bad debt? 

Good morning "Upstate" crew,I originally posted this in the wrong thread (I think) so I'm reposting this in the Upstate NY group to better target the Binghamton area.

I saw this on a "tax expert" website just this morning.   

Now to the "DUH" factor; who's paying this ADDITIONAL $25k per FTHB money?

There are many factors to consider, I drop some here: 1) being new, need to build your reputation and have no repeating customers2) Miami has had an overflow of STRs buildings and "illegal" inventory: investors who bought new condos allowing STR with loans to pay, tend to lower the price to get bookings.

You’ll definitely want to dig into the zoning and permit requirements for your area to get a clear picture of what's allowed and what the associated costs might be.Also, don’t forget to factor in things like parking and whether you’d need to add a kitchenette to make it a viable short-term rental (STR).

However depending on variable factors as DSCR ratio, LTV, FICO, loan amount, Prepayment penalty or not it can range from 6's to high 8's.