You want to work on your finances and savings now and talk with any people who would co-sign and a lender so you can start a runway for the future.

I just don’t want to decline her application and run into the exact same tenant applicants in the future because that’s the areaThank you in advance for your response and wisdom,David

This cash can be used for immediate needs or future growth of your portfolio.Reinvesting Strategically: The available cash can now be used strategically whether that be upgrading one of your existing properties or purchasing a new property.

feedback from successful small Multi-Family investors in the Charlotte MSA and Southeast to gain your thoughts, experience, and outlook on the current and future market for this kind of product.

Feel I'll probably try to stick to that ROI in the future, but if there was a 10-12% ROI deal that would take 2-3 weeks to list and my agent thinks will sell quickly that would be hard for me to personally say no too, especially since I'm not doing any of the work.

It seems like you want to build, then refi out to perm.I really like the new build, no cap ex, much easier to manage, and you have a new asset for the foreseeable future. 

The rent return for 2-4 families in Jersey City won't be sustainable with an FHA loan now or in the future when you leave.

All this summer every booking has been last minute, within a week or so of the stay, so it's obvious to me people are still just sitting on the sidelines looking for the best deals since there's so much supply out there.I think it will start thinning out over the next few years - I've seen a few places in my own community that I know were STRs that have been sold as owner-occupied (hard to make a 4/3 STR work down here when you're paying $450k or more), so as that starts to happen more and the building pushes even further out into the hinterlands I have hope for the future.

But if I live there and rent bedrooms, I also don't want the husband to come knocking some time in the future saying "hey, you owe me part of this back rent as I'm a priority owner". 

I’d like to diversify into another market in the near future - so we may be looking again in Montgomery.