My thinking immediately turned to researching local rental costs per square foot to determine income potential with triple the current square footage.

It’s crucial to ensure that you’re compliant with local zoning laws and HOA regulations related to vacation rentals, as these can affect your ability to rent the property.Overall, while it can work well, especially if you're looking for income from rentals, make sure to have a clear understanding of the financing rules, potential restrictions, and the financial risks involved.

Can you be financially free, sure, consider if you are buying real estate you will no longer have stable income to get a loan.

And both types take into consideration projected income but the residential loans go against my DTI.

“Wholesaling is passive income!”

The catch is it must be vacant 90 days and winters in Vermont are expensive to heat the building so the pipes don't freeze requiring costly plumbing repairs.So this property may be eligible for up to $130k in grant money and rental income guaranteed by the state!

I  Income:  The amount of property you can buy will be dependent on your Debt to Income ratio.  

They are your best option, because when you have tenant turnover, at least you will still have income from the other units.

If STR material participation requirements are no longer met, depreciation deductions may be limited, impacting how much you can offset against active income.

Typically 75% of rental income can be applied towards your DTI for qualification.