Normally, my preference would be a Duplex for ease of learning, but after looking at the price point in a place like Cleveland, I theoretically could purchase two Single Family's there.

Are monthly updates preferred as long as there is bulletproof accounting? 

The biggest challenge seems to be finding lenders that offer these loan products which is where I’m looking for help from the community with recommended lenders that serve Texas.The Fannie Mae (or Freddie Mac) options are preferred over FHA purely because of the (perhaps perceived) limit on renovation funds that the FHA option provides.

But if you want to use it, then an STR may be your preference- but to be profitable, you would need to have a large down payment.Aloha for now!

It’s hit and miss, really need to deeply understand what they offer, if they will work for you or against you, whether they sign the lease or you (I prefer me, to reduce that lock jn). 

I personally aim for around 50/50 stocks and real estate, and before I get to know an operator, I prefer to only invest around $5K with them.

It really depends on whether you prefer the hustle of managing STRs or the steadier income from LTRs.My TakeIf you’re drawn to the energy of the STR market and love the idea of working where people vacation, Florida might be the way to go.

I highly prefer Virginia for LTR buy and hold. 

My preference is to prioritize longer bookings and STR in the gaps.

I typically prefer to find and vet the deal and pass it off to local.