My philosophy is that the two most important components to a successful STR are comfort and cleanliness.

They do not meet any of the rules 1%, 2%, or 50% but they done well for us due to Self Management- No management feesNo Vacancy'sLow Expenses Rent/Market AppreciateTenant is paying down your mortgageIn addition to pure rentals, we buy personals turned rentals when we leave an area because my husband has a transient job (military)lower downpayments (VA- 0%, Convention 5%)Lower interest rateOn my website I talk more about our model, plan and business philosophy.

Calling every mortgage broker and pitting them against each other is also not a good philosophy.

@James Wise I like that business philosophy!

@JD Martin I like your philosophy here.

My philosophy is to fill the space first, then I'll worry about getting the longer term lease later.

That is how passionate people are about their opinions on these topics.Focusing on the topic of real estate investment, I personally believe that people need to spend more time analyzing their personal investment philosophies, temperaments and skill sets before ever looking for a deal... find your "unfair advantage".

My philosophy is then why buy at all if nothing meets my investment criteria. 

So, I understand the mill philosophy; however, I was told today at Coldwell Banker that this may be fitting for my situation since I am looking for part-time and am not basing my career on real-estate as an agent but as an investor.

Some of you may disagree but that's my philosophy, right or wrong.I want to use the 15K, along with borrowing from a private lender, to finance a flip property.