Our lease contains a clause stating the security deposit cannot be used for the last month's rent. 3.

Location is key.

Quote from @Brandon Vukelich:If you buy a vacation rental in Hawaii, then you're tied to that location.

The tax benefits refer to the tax deductions from mortgage interest and property tax.The returns mainly rely on appreciation, and the cash flow only improves in the last few years, also depending on securing the 5% refinance rate.I've learned a lot from this forum, but as I start to operate on my own, I'm still not completely confident.

Quote from @Victor Patel: I’m not sure where your property is located, but it’s likely that you won’t be receiving rent anytime soon.

Just want to drop the message here, anyone located in Dubai or distanced managing properties there?

Location of property How did you find this deal and how did you negotiate it?

What's the location, purchase price, expected Reno cost, ARV, etc.?  

2.Are there strategies to reduce the required down payment or secure better mortgage terms?

We also have a brick-and-mortar location in the DFW area.