However, the 0% interest only lasts for about 12-15 months but definitely more than enough time to complete the brrrr cycle twice or maybe three times in your case since you're a contractor as well!

Patricia- If you are looking into professional management, one of the first questions I would ask is about their cancelation policies as well as reading their reviews.

The information contained in this post is not to be relied upon.

Head over to bank rate or and take a look at the mortgage calculators, plug in the numbers and get an idea of what the property needs to generate to satisfy the intended debt.You still have to underwrite the deal for the non-finance expenses as well(typically 40-50% of the gross rents). 

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

For me it’s been a blessing and money well spent.

When faced with scenarios like this, it's tough to answer such a specific question with limited information. 

It’s my first deal so I was kind of worried about it, but I feel more confident now about how to move forward with this property, as well as any future properties. 

If those things don't go well, it doesn't matter how great your deal is.

STRs work best in tourist-heavy areas with high demand, while LTRs perform well in markets with stable economies and diverse job opportunities.