I would echo the post about security. 

. - $6k/ month is our freedom number from a W2- Buy & Hold MFH is our plan (turnkey with PM in place)- This quad was built in 2024 and we're able to secure a 3.75% 10 year rateHow's this deal looking or would it make more sense to go another route?

Over the last year, I've developed a passion for real estate and want to be able to use it to generate income and secure financial freedom in the long run.

Even at that price point, you may struggle to find a tenant, potentially leaving the property vacant for months.Here’s an example of a deal I’m currently working on:Purchase Price: $215,000Rehab Costs: ~$250,000ARV: ~$615,000Potential Rent: $3,600/monthUsing a $615,000 ARV and 75% LTV on the cash out refinance, with taxes and insurance, my monthly payment would be $4,267 using an 8.5% rate.

You must keep the tenants security deposit at a bank that physically operates a branch office in the State of NC.  

This likely means fewer issues with payments and property upkeep. 

It probably would have cost me about $10k more, but I would have still been able to secure the property.

She can set up payments to be paid on the 1st of the month and no one is driving 24/7. 

We are now suing them in TX small claims court as the security deposit was not enough to cover the 2 - 3 months rent after they trashed the house. 

In short, securing an STR permit isn’t easy unless you fulfill all the township’s requirements