The information provided is based on my experience and industry knowledge but should not be considered legal, tax, or financial advice.

Unlike Robert K and many on this site, I judge a property based on total return.  

While I don’t plan on flipping the house, I intend to use the property for short-term rentals (STR), and based on my research, it seems like it will perform well either as an STR or a long-term rental (LTR).Any ideas on how I can source the financing or recommendations for better lenders would be greatly appreciated!

I’m a new investor based in Kingston, NY, with a focus on the Hudson Valley and Catskills regions.

The information shared is based on my experience and industry knowledge and should not be considered legal, financial, or investment advice.

$25k is only 4.16% of your new purchase price, heck of a deal.Thank you for your service and let me know if you want to talk any more details and run actual numbers based on your situation.

The tax is based on selling price minus purchased price.

Right now, I'm doing a lot of research and trying to build a good base of knowledge before I dive in.  

If someone you don't know reached out to you to offer you a loan and you do not know them, they are essentially acting as a hard money lender (lending based on the hard asset and not a prior relationship they had with you)."

Diversify and leverage the best strategy based on the specific deal.