With your income, you may qualify for an FHA loan with a smaller down payment, but buying now could limit your borrowing power and increase monthly payments.

It will be cheaper than our mortgage and our incomes will be increasing.

Also, hyperfocus helps me find a home with the right conditions - a stable but increasing-value neighborhood.

@Jordan Meltzer unless you find a screaming deal - a Class A property won't cashflow for 3-5 years.Class B: 1-3 years.Class C: most investors don't properly understand the risks, so should stay away from them.So, you may need to deal with negative cashflow, but plan on appreciation increasing your wealth.

With a few tweaks to the management structure, and with new leadership, I figure we can greatly increase the revenue.

Now that you know this little secret (that most don’t), you can make informed decisions when it comes to increasing rents for new leases and renewals.

Increase income, decrease DTI, and buy a home (i.e., get a higher paying job, work two jobs, go to trade school, get a higher paying degree, live in affordable area, etc...these are things that most of us did).

With regulations increasing we've been seeing more and more people who want to invest in STRs start investing in Vacation rentals.

I like the cash flow and see the potential for increasing rents, but I’m hesitant about overpaying.

It can increase your capacity to pull off certain deals.