Even with SUbto, he openly states these are lending options that have been around for a long time.

I’m going to city zoning office tomorrow and would like to prepared with any necessary info and/or options.

Quote from @Brian Quo: Quote from @Jonathan Greene: I think you are weighing the right options if you have the downpayment to enter those markets in a smart way.

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.

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.

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.