If you are getting what you are from the bank, you need to step back and assess the deal. 

@Brian Larson - Are you asking how to assess rental demand in any given market? 

Keep learning and assessing your financial position as you grow.Good luck!

It appears that you did your due diligence to understand the risk involved and you inquired of Marco Santerelli a full honest disclosure of Norada records so you could assess that risk before handing over your investment.

It’s important to have a clear understanding of both hard and soft costs (labor, materials, permits, etc.) to assess your budget accurately.Projected Rental Income: Research the rental market in the area.

And you needed to have an HSA-compatible insurance on December 1st, otherwise it's too late for this year.

Focus on STR-friendly areas like Newburgh or Highland Lakes, and use platforms like AirDNA to assess revenue potential.

I hope to hold as a LTR and believe in the area long-term.Some decisions will have to be made when this whole thing finally comes to fruition, especially regarding interest rates, insurance, assessments, etc, but hope to hold!

A couple factors that come into play when assessing cost:1.

Based on your assessment, it feels like the only way for you to buy something now is to make a compromise that you don't want to make or to get out over your skis a bit more than you'd like. 20 years from now, it won't make much of a difference whether you bought something today or two years from now.