Im wanting too invest local for my first property so I can live there as well(house hack)I would be interested in exploring other markets after that tho!

So far I was pre-approved for $550,000 with ~$3,000 from rent and I’m exploring the best way to afford the above property (mostly rehab costs).

Explore options like conventional financing, FHA loans, or private lending, and work with a mortgage broker or lender specializing in investment properties.Overall, it's essential to conduct thorough due diligence, seek advice from experienced investors and professionals, and carefully evaluate your options before making any decisions.

Explore Low DP & DP Assistance programs: There are many options available (FHA loan for multifamily) & DP Assistance programs so that you can save your liquid funds for reserves, etc.3.

Exploring creative financing options like portfolio loans leveraging combined property income, hard money loans based on property equity, private money lending from investors, or negotiating seller financing for new property acquisitions could offer viable alternatives to support your investment goals.

Teaming up with folks with boots on the ground is always #1, however if you want to explore a data driven approach to finding neighborhoods for investment then you can check out our Neighborhood Grade Map - https://www.loom.com/share/881e4b16638449e681346885b2f37e95?...

The issue is that it is considered commercial and most banks now will not lend on STR.Can someone point me in the right direction of who I should contact or where I should explore?

I want to explore listing on platforms such as airbnb and vrbo, but I don't think they allow you to have a lease the tenants sign. 

Exploring owner financing possibilities with a clear understanding of both parties' needs and legal implications could be a good starting point.

With a $250k budget, you might need to explore smaller markets or consider condos/townhouses.