I understand that in the long run, the property may appreciate more, but are you comfortable paying $915 out of pocket each month?

I've spent a lot of time researching rental properties and was comfortable with that strategy, but since nothing pencils and I'm pivoting a bit at least to get started, I feel like I'm starting over before I even began. 

For 90% it does not make sense.Most guests are not comfortable booking outside of Airbnb. ...Yeah, that's a side of this I haven't even thought about.

Im much more comfortable with 15 year mortgages closer to 5% or under (not going to dream about the 2-3% rates  pre pandemic).

Pick a market based on the demographics, for example, and then get comfortable with what things cost and what they rent for.

BUT, it does mean that sophisticated lenders believe that THE CHANCE of default in said situation puts the loan beyond the “risk/reward” parameters that they’re comfortable with.  

But, ultimately we go with whichever makes the other side of the transaction comfortable. 

I've had a lot of the same questions and I came to the realization that I needed to have enough funds for the down payment, closing costs, and a reserve amount that I''m comfortable with.

As I became more comfortable with making offers & learning more with the cost of work. 

Use a variety of sources to get numbers, and obviously make sure you're comfortable with whatever range they fall in before getting serious on a property.To those unfamiliar, we share two properties daily with all of our subscribers.