Rewiring the home is not an option (cost to rewire verses what the house is worth/ what I paid) and the current wiring is in very good condition.

I'd encourage you to weigh all of your options before making final decisions.

Currently we do 3 month minimum with an an option to renew for a set lease term - IE another 3 months or go to month to month.

STRs require more hands-on management, but it’s a viable option for reducing your taxable income without needing REPS.You might also consider a cost segregation study to accelerate depreciation on the rental, creating larger upfront paper losses.

The loan options and underwriting will differ depending on which path you choose.

Wholesaling would be signing up for a job that will make you hate real estate and waste money (even though your sales background would help, I would use it to acquire for yourself later), so house hacking is a great option because you learn landlording.

Currently looking to purchase a long-term rental and have heard of some of the low or no percent down options such as with creative financing.

This might be a good option to streamline communications and you can start building SOPs based off the types of inquiries you're getting.

Agree with the above posts; you can find cheaper options than ring or nest.

Property to purchase would be a STR at $240,000 - so we would need the 20% down payment and we are looking at different options as the source of the funds.