This of course can be scaled up as well for better profits, if you have a 1 acre lot, you can probably fit 2 buildings with 4 units each (depending on zoning requirements), or 4 buildings on 2 acres and so on.

I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much. 

Hi Ryan, There are many DSCR lenders that do not have a minimum ratio requirement to get a higher LTV.

STRs do not require you to be a REP in order to take losses against ordinary income.

Unless you suddenly become a stellar STR Host and property (requiring additional spending), why not sell and make some better financial decisions....

It requires no money upfront, so you will join thousands of others trying to do the same in your market.

You can give them whatever notice is required by their existing lease to enter, go in or send your pm and take photos to use to compare for your records on move out.

I wasn't aware of the law requiring a contract with an agent.

As for non-bank loans, I'm familiar with a loan program that provides 100% financing, but it requires a minimum 650 credit score and proof of funds covering 12 months of interest.

Considering most homes will not cash flow with 20% or less down, plan on 20% and most likely 25% down required - depending on the cash flow expectations.