It's a very old house but newly renovated so there has been some maintenance issues because of the cold and poor insulation.

Which market do you have experience in and how is your experience working remotely with your real estate team in the area?  

If market appreciates you can get a HELOC on it or cash out refi in a few years to scale faster.

With a HELOC being around 9% I'd probably be paying more in interest than the money would make in the stock market.

Loan sizing varies by market, but in most areas your loan will be sized to 75-80% LTV; 1.20-1.25x DCR; 30-year amortization.

The structure also allows for mitigated tenant and maintenance risk, but it has increased dependence on market movements due to being appreciation based.

Do you own your own house? 

In my day job I do SEO for a digital marketing agency and I am more than happy to talk SEO with anyone who has questions.I'm interested in Long-term rentals, though admittedly, finding deals below market value and funding those deals (not to mention I honestly have no idea have to put the deals under contract in the first place), are problem the first things I'll need to learn.

If I sell the house, can I do the 1033 exchange too?

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)