We offer 10% down on the purchase price and fund 100% of the rehab.

Hi Ella, welcome aboard,Your post about your real estate ambitions, encompassing the purchase, renovation, and sale of properties, as well as the ownership of Airbnb rentals, is indeed an exciting endeavor.

This is a quick calculation that we can do to see how much house you can purchase at 100% financing if desired.

Purchase the home with the condition that the tenants have vacated.

Wholesale, foreclosure, and seller financing can work too, but I’ve noticed that careful analysis and having reliable local contacts often deliver the best results over time.So as you two gear up for your first flip, how are you balancing the potential risk with your long-term goal of buying rentals?

Sounds like it could be a decent LTR situation, but you answered my concern on if a STR would really stay booked enough to justify a purchase.

Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision. 

You will need to narrow down the zip code or street a little more based on where you decide to purchase, but this gives you a good start.

With those in mind, would a portfolio purchase get you there quicker, maybe. 

The second is a rehab property that I purchased for myself, I purchased it out right for 100k.