These solutions can make a huge difference, and the long-term option will really help set your STR up for success.

Detroit would be a solid option if you're strategy involves a little more risk for potentially higher cash flow. 

I faced numerous hurdles and stressful moments, but I persevered and built a successful approach.To tackle this challenge, I recommend starting early by building relationships and seeking investors.

If you find you are unable to raise the money for an all-cash purchase, switching gears to Fannie will only work if you have a LONG time to close in your PSA or have many extension options (which usually require more hard earnest money.)

The "non conforming" lending options are actually called NonQM (non qualified mortgages).

Durham on the other hand is a great opportunity for investors seeking more short-term growth, more options, and higher likelihood of cashflow. 

If you do go the seller finance route, consider asking for a right of first refusal option in the event the seller ever decides to sell the note. 

I recommend comparing lenders to make sure you get some good terms and financing options for your next investment!

You’re in a solid position with this property, and it’s smart to weigh your options carefully.

Certainly more options because you are no longer limited by imaginary boundaries of traffic and time.