Account Closed30-yr amortizations are like hen's teeth in Canada, so my experience with them is limited to one property. 20 to 25-yr amortization is the norm here w/ a mortgage term <=5 years.That said, if you frame your perspective as your tenants are paying all that mortgage interest to the bank, then taking the longer amortization results in you having greater cash flow now and the bank making more money over the long term ... all compliments of your tenants.

The negative is that its costly and if you're just cutting your teeth handling leads then you might look to cheaper marketing to get some practice.

For those who don't know, the Lustron corporation mass produced small, entirely steel enameled houses during the housing shortage following WW2.

Im a CPA and also a buy and hold investor of a string of residential properties across a couple of counties in Southern NJ and until recently, Texas, too.Vacation rentals are short term rentals, and end up being required to report on Schedule C where you get dinged for income tax AND self employment tax.Use your money to get a mortgage and buy some buy and holds if you are nearing retirement...Spend a couple years cutting your teeth and developing your successful business model.

I shaved  brushed my teeth.. and I took the Tesla to the do it yourself car was and cleaned it head to tow. 

Be reasonable or I will show my teeth!

However; if I find something that I can cut my teeth with in the IE, I will jump in whole heartedly after running the numbers.

Not always make it happen but sometimes it's just by the skin of my teeth.

I have a good bit of savings and looking for a great first opportunity to sink my teeth into to determine if real estate investing is a good match for me.  

Once you've cut your teeth and made a little cash, then you can start hiring it out.Time is the key though.