Looks like you're ready to take a plunge.

We are BRRRRing it and we’re originally going to rent traditionally, however we decided to look into it as an Airbnb, and when we put in current loan rates which will be near or at 7% when we are ready, we’d only cash flow about $150 a month 😱, but as an Airbnb our projections are around $1,300 cash in our pockets monthly. 💰 At this point is a no brainer 🧠 and we know if it doesn’t work out or we don’t like doing it we can always revert to a traditional rental. 

I'm well documented and ready to go.

We had to wait approximately 6 months to finally receive it within our own account   He also did not begin marketing our unit until late November 2023, which was ready to market immediately upon hiring Jeff. 

Make sure you are working with a Realtor who specializes in investment properties because it isn't rare to think the property is rent ready and then it isn't.

But many people need to consider if they are financially ready for it or not.

We're new to real estate and would appreciate advice on our current home in Texas and our future place in Oregon.We love our house in Austin and aren't ready to sell, but as a long-term rental, it would yield (from what I understand) negative cash flow, covering principal and interest but not taxes and insurance.

@Timothy Finney Glad you are ready to take action.

.✔ Ensure All Basic Maintenance Issues Are Addressed – A rental sitting on the market is a great time to check for leaks, HVAC performance, paint touch-ups, and deep cleaning to make sure it’s move-in ready.

More doors means less vacancies and it might motivate you to save up and buy a new SFR when you are ready to settle down.