Forget CONDOS b/c of HOA FEES........are killers period!!!!!

VA loans do have killer rates, but again that's at a cost of 2.15%.Ask your lender to compare 2.15 discount points w/ conventional to VA with that 2.15% funding fee, see which has the better rate.

Also, yearly revenue means little in the grand scheme of things, it's really your Op Ex ratio that is the silent killer with STRs so be sure once you have a yearly revenue you are comfortable with, truly dive into the operating expenses involved. 

This is never going to be a killer investment, but is getting out now the best option?  

Teaming up with one (like I did in NC), where I carry the property through rehab and split profits with the GC is a killer win for both parties.

@James Smith Be sure to look at taxes very carefully when considering this purchase, in Norther NJ taxes are often the cashflow killer.

I have property for rent right now, got killer ad which brings a lot of response and even more showings that I am willing to do, however once application form is completed, my potential tenants go to check out a few more options and go to competition.

As a wholesaler, your goal should be to make enough money, connections and learn enough that you can start keeping some of the killer deals that you negotiate for yourself.

Property taxes are killer in Chicago, so I'm actually becoming more and more interested in using Fort Wayne's lower cost of entry to help me scale.

Make sure you do an eviction check in addition to a regular credit and background check, there are "professional tenants" around, and they can be a huge roi killer.