This popular advice really irks me.

You might also try posting on platforms like AHRN (Automated Housing Referral Network), which is popular among military renters.3.

Alternatively, do the risks outweigh the benefits of $500+ cashflow plus 30% day one equity and less than 2k out of pocket?

Perhaps slightly higher from an alternative lender but definitely not from a credit union and expect much higher fees.

Denver Creative Housing, Denver Sublets, Roomies, Roommates, and so on, there are a few good ones)Also, I use Roomies as well because it is a site specific to finding roommate tenants, and there is a huge demand for it as well, so it is a great alternative to fill vacancies for houses if your owners are open to it and you price it correctly. 

If DTI is a problem for a new investment property loan but you have everything else (credit, downpayment, etc), then DSCR loans are probably an excellent alternative.

There're some alternative planning approaches, but they are always case-by-case.  

I know, nitpicky, but if you have a chance. might as well make it perfect :-)Be patient, if your area is a popular one, you will definitely fill up and stay full.

.- Creates an alternative wealth-building strategy for a niche group of investors.- More scalable than traditional rentals.

While it’s not uncommon for full-service managers, you might find lower rates (~10-15%) or alternative solutions like co-hosting services, especially if you handle bookings, rate adjustments, or guest communication yourself.