Gradually scale by researching high-growth markets, partnering with experienced investors, and exploring financing options like SBA loans.

What I am trying to understand is after Coachella ends, would it still have the strong recurring demand/occupancy for STRs?

The reality is about a year ago landlords could sell their properties at a high price without actual NOI.

I have a client that bought a condo to rent after living there and the HOA ended up outlawing rentals.

Its market-ready condition and strong local demand made it ideal for a fast, profitable transaction, aligning perfectly with Partner Driven’s strategy of securing high-yield properties in promising locations.

Before this law, however, I only accepted applicants with "garnishable" income to help protect the landlord in the event we ended up with a defaulting tenant.

The neighborhood has been flourishing, making this incident highly unusual.What initially drew me to the property was the potential for high rent and strong cash flow.

From a personal standpoint I target 70% LTV for any investment I have that way gives me ability to sell it if I need tooI'm Canadian so it a T4 up here and yes I'm I high earner who can handle vacancies if need be. 

If you are looking at FHA because of credit score, then I would work on credit scores to qualify for conventional financing or see if you can get a very strong coborrower with high scores.  

If you do end up hiring sometime, I think Michael Smythe above, made some great points and things to consider.