I keep getting told that the underwriters are going to see that I'm taking advantage of the rate/down payment (even if I truly move there which I would).We have clients do the Nomad model of buying a home as an owner occupant with low down payments, live there for a year and then convert it to a rental after a year all the time... sequentially... doing it more than once and have not had any problems at all.

And then liability....a model just won a multimillion dollar lawsuit over bedbugs.

Rental property investing as a business model in general is a sound business.

When the time comes and I want to settle down, would like the option to do this through real estate so I am trying to build a portfolio where I would like to end up.To close, I want to thank all members for sharing there knowledge and being role models to look up to and strive to be.Sincerely,Emmett Gorman  

This is a friends and family deal to get comfortable with the syndication model, provide decent returns then improve on the model.

One of my investor clients bought a large ski house and rents it constantly on Air BNB, she may be open to chatting with you about her experience with that business model and she lives just north of Boston.....hers sleeps ten though, so  a different property than what you're considering.

@Karina Torres regarding your goals, you'll want to define them a little more, 7-10 properties for passive income is a little vague, I would advise a few business models based on several paths forward.1) On the 7-10 properties, How much net income per property are you trying to obtain?

This whole business model is really offensive to me.

We now have 15 properties, i went to a different model now having contractors do the majority or rehabs and i have handymen,plumber,electrician and hvac guy i can call when i need them.

The Airbnb model seems interesting in some of these smaller markets.