Check out the Neighborhood Assistance Corporation of America (NACA).NACA was formed in 1988 and provides an affordable option for potential first-time buyers:✅ No down payment✅ No closing costs or fees✅ No mortgage insurance✅ No consideration of credit score✅ Below market fixed interest rateThere are several requirements to be eligible, starting with attending one of their workshops.https://www.naca.com

But once rates start to diverge by 0.5% or so, that's real money, so obviously this is a consideration. 

Here are some considerations for both options:Investing Out of State:Affordability: Certain out-of-state cities may have more reasonably priced real estate, enabling you to get into the real estate market sooner.Cash Flow: Compared to pricey locations like San Diego, turnkey houses in other cities may offer higher cash flow.Diversification: You may diversify your real estate portfolio by investing in several markets.House Hacking in San Diego:Local Knowledge: Having knowledge of your local market might be beneficial.

Tax considerations involve a lot of personal, specific considerations so you are on the right track going for a CPA (make sure they are familiar with income properties and short term rentals).STR is a business and involves "active" income versus "passive" income associated with typical long term rentals.A few general things:1.

They simply can not take into consideration anything regarding a protected class.

With the drop in interest rates and the easing of the Fed's interest rate policies, there's an anticipation of a more favorable lending environment which allows investors and home buyers to be more considerate of buying properties.

Hi everyone,
Pretty new here and planning on investing in a STR in Orlando. I am certain that there are many opportunities to consider on tax and business structure before buying so curious what some experiences have...

I would also put higher consideration into the market where you can build the best team. 

@Bruce WoodruffI thank you for all your thoughts and concerns. i took them into careful consideration.

Comps were used that were from 2021 when prices were considerably lower in my area and the income/expense information I provided was not correctly used making it look like the income was 1/6 less than what it is.