Finally made the jump and just bought our first vacation rental.My longtime girlfriend and I emptied out the account and put 60k down on an amazing 300k vacation rental near Bass Lake and Yosemite National Park.By conservative estimates, it should cash flow over $1,000 a month after ALL expenses.As I am still learning on the fly here, I am most interested in the next steps in acquiring the next property (and the next, and the next).The house should appreciate some throughout the year, and it is nearly turnkey as it was wonderfully taken care of by a family for 40 years, so we won't be adding too much value with remodeling.My main question to the BP community is "What's the best options to finance our next purchase of a rental property?".

When we were acquiring our first SFRs in Okc area, we wanted the benefits of long term financing with the rate locked in but did not want to give up the LLC protection. 

I have some liquid capital, not much $14,000 to be exact, I know as a new investor acquiring hard money would cost me some skin depending on the deal.

I am attached to it and the Superbowl is being hosted here next year so I would like to have it for that experience but why defer obtaining my goal of acquiring a multifamily (or even apartment complex >16 doors).

-Currently focused on  acquiring property and building equity in homes (next 1-5 years) with larger cashflow as a long-term goal (years 5-10).Thanks again to everyone for creating a great community-Kent

Is that where you are looking to acquire more? 

I am already acquiring one more property, but looking to see if anyone has some creative ideas out there.

If done correctly, you can acquire 3 multi-family properties with little money in just over 2 years. 

Seems no income verification loans are back!Anyone get one recently?What were the rates/terms?

Is there enough deal flow /  units for the asset class you plan to acquire?