Always have multiple exit strategies!

I would talk to a lender about the 3.5% FHA rules and regulations as far as the self-sufficency test goes. 

But if there are enough bedrooms or you get multiple homes, you will be able to support hiring a local manager to manage daily operations. 

I have investments all over the city in multiple asset classes.

You can use a channel manager like Hospitable to help manage the listing on multiple platforms - primarily you can protect against double bookings, but there are many other nuances to each platform that the program does not touch.

That is owner occupied starting 2025.I will test (if approved) STR or MTR…on the other unit, but also Besure it works for LTR.We both have good credit, DTI is way low, great jobs, and money saved to start this process.Here in Lexington KY I feel it’s hard to find duplex in a decent area unless it’s over $500k.We each prefer under $300k for a duplex.

Purchase price: $950,000 Cash invested: $1,050,000 We've syndicated the purchase of multiple single family homes, remodeled them and made them into "fun-houses".

That means increasingly better cash flow.I expect Detroit prices to 2x in the next 5+ years given what's happening there and the current trajectory.That said, again, if you believe investing in CA will match your goals it's a great, time tested market.

Just think about what happens in hot tubs....Every management company I spoke with confirmed this, and I've been through multiple cleaners and they all did it as their standard cleaning procedure.

You can also do both and dedicate some capital to multiple strategies.