You need deep pockets to supplement your tenants rent.

It might get you in the ballpark, but I wouldn't rely on it solely on whether to investigate a property further, but rather to supplement other indicators.I grew up on Fort Collins, so say hi to CO for me.

@John Kennedy I may have this incorrect but when entering your numbers in the BRRRR calculator if you uncheck the “cash purchase” option and then select the corresponding down payment that you would be paying to supplement your HML (e.g. 35% down if the HML will loan on 65% of cost).

@Kerry Baird Are your STRs located beachfront (Condos) and what can you share are your challenges and costs for (ALL) insurances required including supplemental specific to your STR properties and best insurance agencies for Florida.

There are many discussions here about valuation to supplement the information I suggested, it's just a matter of deciding if you want to be in real estate or around it!

Welcome to BP.Just to supplement what Darryl said, loans will be based on the appraised value or the purchase price, which ever is less.

I'm just going to try to build a string of rentals to supplement my retirement in 8 years.

Your local realtor association branch should have supplemental classes along with your brokerage possibly.

Either way, it'd be great for you to earn some supplemental income and get some experience during your time at UF.I have the contact information for Ray Lopez the broker in Orlando and also Wickie Ariet the office manager up here in Gainesville if you would like to have conversations with them.

If it's agency debt, would you qualify for a supplemental loan instead?