While purchasing under market value is a great opportunity, stretching your budget too thin can add significant financial stress, especially during the renovation period.

Build your knowledge with books, podcasts, and online resources, and network through local REIA meetings and virtual platforms.

If you are familiar with this area, any further recommendations or resources you are willing to provide, I am super grateful. 

Natural Resources Inventory/Forest Stand Delineation Plan l.3.

using a hard money lender is a great resource . what is the project looking like ? 

You've spent an incredible amount of time and resources in Jackson based on your figures. 

Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Agree with @Nathan Gesner about using available resources to get a sense for what is right for this specific property.

If there’s a repair needed usually they’ll just handle it if it’s under a certain financial threshold o ran emergency.

As for the rest of it, you can find a lot of useful tips on past forum posts along with podcasts and youtube material on the topic (BP and other RE sources).We've self managed STRs for a few years.