But the first step, like getting rid of bad debt, is getting rid of poisonous ideas.The typical school suppresses ideas.

And you in the peanut gallery- I know, there are interest-only mortgages, but most investors don't use them.)So in summary, and apologies for the extremely long post, I just got rolling and couldn't help myself, real estate enhances the best in investors by inhibiting panic selling during kerfuffles of one sort or another, and suppresses the worst in us, which is our unwillingness to save money on a regular basis.

What is your appetite for rehab?

There is some serious market fragility in lending right now as the secondary market is losing its' appetite for this loan product, and wants loans it views as less risky, in addition to a pull back on loans specifically for STR properties.

The other was a smoker who accidentally set her own sofa on fire. that one has an installed fire suppression system so her's was the only unit damaged and she agreed to reimburse us the damages (over time of course).

You need to go and find some local banks who have an appetite for that type of property in that area.

It's just a matter talking to enough bankers to find the one with the appetite.

Most banks will offer 25% down, rates as of recent 5-5.75% depending on appetite. 20-25 year am schedule.  

You know your risk appetite, you know what the rest of your investment porfolio looks like, you know your own cash flow needs and retirement goals.  

Some investors with more appetite for risk might consider it.