Know the costs for fixing up the property and explore ways to pay, like bank loans, FHA loans, and local aid.

Imagine the capital opportunity to save money for a shortened period of time and then have that as a perpetual asset you can leverage on an on going basis, and one that can eventually provide after-tax income during retirementCertainly an opportunity worth exploring for the right situation. 

I would greatly appreciate any recommendations for essential resources, such as websites, books, or forums, that have been invaluable to your own real estate investing journey.Furthermore, if you have referrals for trusted professionals in the DC metro area, such as contractors or property managers, I would be immensely grateful.If you're an experienced investor in this region and open to collaborating with an enthusiastic newcomer, I would love to connect and explore potential partnerships.Thank you for your support and advice.

Utilize underwriting skills, network with professionals, research the market, explore financing options, and utilize educational resources like BiggerPockets.

Hello -I live in Long Island, New York.I am exploring STR investments perhaps in markets near New York.Just having a very hard time starting off.

Explore traditional loans, hard money lenders and private investors to understand your financing options.

I just asked this very question to my wife as we explore some Van Campers.

Financing options are pretty varied here, so explore what works best for you.

Renting out a room, pet sitting, freelance gigs, and exploring opportunities in real estate wholesaling are all good suggestions for generating additional income.

I have explored this idea in the Caribbean and South America a few times and never pulled the trigger as it was too much headache.