Some strategies to lessen the negative cash flow are: house hack and rent out the other unit as a mid-term rental (to traveling professionals or for people temporarily displaced because of insurance reasons like fire) or short-term rental (business or vacation).

I also wouldn't be where I am today in terms of my contacts and relationships with vendors, to be in a position to self-manage confidently out of state.All that being said, if another deal with the same amount of hair on it presented itself to me today, I would pass simply because my risk profile has changed.

If all else fails, you have options to travel abroad and work in one of their office in any of the 80 countries where they do business!

She rented out the second bedroom to a traveling nurse and found that the rental income not only covered half her mortgage but also let her save for her next property.

It’s a solid option if you’re confident about refinancing before the higher rate kicks in or if you want to save more month-to-month early on.Option 2 (3.5% DP, Permanent Buydown): Lower upfront costs free up cash to invest elsewhere, and the 5.4% permanent rate adds predictability.

We are on all of the above, as well as:- Marriott Homes and Villas- Google Vacation Rentals- Jetblue Airlines- Allegiant Airlines- about 10+ more and soon to be American Express Travel and Hyatt's portal. 

Yes, if you are confident in your numbers....particularly the repair/reno numbers. $20k is not much and will be eaten up real quick.

Though I have not started any deals yet, I have confidence I have never had before to do real estate transactions because I know if I get in a situation that I need help I have people that I can ask directly and work with directly to help me through unusual situations.

A solid single will build your confidence and teach you a ton.Know Your Exit Plan: Have a backup—rental, flip, or sell later.

The target demographic for MTRs is traveling nurses.