You paid the property owner $40,000 in rent.  

Secondly, short-term rentals provide flexibility for owners, allowing them to potentially use the property themselves when not rented out.

Off-Market: I was working for a storage facility and the owner needed help removing his stuff because he was moving How did you finance this deal?

I’m a little concerned about off season rentals.

We're starting to see more HELOCs and 2nd mortgages on investment properties nowadays.We deal with pretty much only real estate, investors and self-employed borrowers.send me a direct message and I'll get you a little bit more information.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I dont know the area well enough yet so looking for any insight whether or not you can get a little cash flow and appreciation together.

Hi Ilina,I understand that taking the next step can feel a little intimidating, but you’re definitely in the right place!

Some of the owners had wanted to sell and others didn’t.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.