In 2018, we had a property turn and the net cost to you out of pocket was around $500 (costs to repair minus the security deposit that was returned to you.)

What other concepts could be added to list of options? 

I reached out to few last year and they seemed very up to date with options and knew what they were talking about.

Quote from @Jimmy Chao: I am weighing some options to help my younger brother buying his first primary with a fixer.

While the co-signers add some security, the family’s newness to the U.S. and uncertain job situation make them a higher risk overall. 

Wealth Building: Paying off the first STR focuses on cash flow and financial security, while buying another property focuses on scaling and wealth building.

Additionally, there’s always a risk that any pet-related damages could be hidden under furniture or otherwise concealed, potentially leaving us to cover the costs if the security deposit is fully depleted by other expenses (e.g., damages or unpaid rent).

Seller Financing I am the buyer with 30 days to purchase the property and want to simultaneously market it as rent-to-own,  how can I structure the process effectively:Can I structure the deal this way, so I can secure a tenant-buyer while working to close on the home myself,  minimizing my risk and creating a win-win situation.

I suppose something more turn-key could be a good option, but haven't come across many viable options there yet.Anyways, we still have a lot more to learn and still need to familiarize ourselves with the area/market, but just wanted to pop in to say hi! 

Ensuring a solid lease agreement and security deposit will help mitigate this.