Our names go on title and our loans have the real estate as collateral so they are “secured loans.”  

Hey @Grant Woodward, you can never be too cautious when it comes to guest safety like @Lauren Kormylo said.There are dozens of things at your STR that could cause an injury or worse so making sure all the ducks are in a row and quackin' in unison is one of the most important things you can do.Like @John Underwood said, make sure you have a rock solid insurance policy that covers the pool and adjoining areas.

So you will work on your credit while learning to underwrite deals. 

I have been paid off by Cogo loans so I know it happens. 

Times are changing somewhat though, so maybe over time if they are not supportive now, they will be at some point in the future. 

I probably would have tried to come up with a way to do 2 bedroom so that we could sleep more.

So we don't even have an approved inspection much less a lease with this potential tenant.

A growing income stream is worth more--so I'd like to see growth so that there is a path to profit. 

HI @Heath D WallaceThis is still your property so you need to have them still fill out a application.

I’m in Ohio, so I can purchase a property with $40k cash out, invest $10k in repairs, and rent for a couple hundred above the monthly operating costs.