I think waiting until October or November would be ideal.

That being said, 20% down would be ideal to make the rate and pricing reasonable. 

I do think the ideal first-time rental is a four unit that you can live in and rent the other three units out, but those can be harder to find.

Ideally broken down to the city at bare minimum, but even neighborhoods or zip codes would be even better. 

You would be leveraging more which doesn't seem ideal for you. 

If financing is part of your strategy, consider exploring fix-and-flip loans, which are tailored to help investors like you fund both the purchase and the rehab of properties.Lastly, start small with your first project, ideally in a neighborhood where you understand the market dynamics.

Of note, I am already doing STR and MTR in other markets and this property is fully furnished and listed in several places for my ideal tenant.

Ideally AI could improve the property analytics that shape listing prices, a competitive advantage over other brokers.

One of the key benefits of a DSCR loan is that it allows you to qualify based on the rental income the property is expected to generate, making it ideal for those with multiple properties or who may not have a strong personal financial profile or W2.

If you can wait until you have legal status that would be ideal, but may not be absolteuly necessary if you want to get a jump on things.