However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

Although my business partner has been with them since 2021 and learned how to close deals from their education.

Hi, I'm closing on my first STR in April a 3 Bed/3 Bath property. 

I've often found that the biggest competitive advantage you have when you are getting started is proximity! 

Avoid PMI and then go to a local credit union and get a heloc after closing to gift the money back.Have this as a tool in your tool belt but pursue use of the 3.5% FHA, knowing that you will be at a competitive disadvantage if you are competing with non FHA buyers, then you can call in the favor from your gift person.Just know that if someone gifts you down payment money, your bank will require them to sign a letter stating that it is in fact a gift that doesn’t need to be paid back.

I suspect, in order to reach an ARV of $140k, the rent would need to be close to $1,500.

We are wanting to be as close to the water as possible. 

When my loan was not going to close, it was one of the options that my broker and lender told me about and actually referred me to for a conversation.

When we found this deal the community had around 45 homes in it, now we are close to 60 total homes and looking to bring that number up to around 80.

When we found this deal the community had around 45 homes in it, now we are close to 60 total homes and looking to bring that number up to around 80.