They also did the STR model while househacking and are doing well.It can be done, but you may need to get a bit creative with your tenants, not just relying on the LTR model.Best of luck!

At this stage, I’m planning to rely on the lender’s appraisal, though I’m concerned it may come in just above the asking price rather than capturing the property’s full potential.Has anyone encountered a similar situation?

The information contained in this post is not to be relied upon.

The information contained in this post is not to be relied upon.

You are looking for issues with the foundation and any other exterior anomalies like giant trees that could be in the sewer line or pressing against the foundation of the house, evidence of buried tanks, where the septic and leach field is, etc.There are plenty more things to focus on as well, but these four are often neglected by newer out-of-state investors relying on an agent or friend as their boots.What else did I miss?

@Shan Vincent I've used zumper.com for years without any issues, but don't 100% rely on anyone but me.

Always ensure an adult is home, or that you are going in without anyone present at all.

With this model I'm able to get a lot more than other MTR operators who are relying on Furnished Finder and Airbnb for bookings.Being that I only operate MTRs, I price my fees to include this.

As an overseas fund, working with a bank or lender that understands international investors and can accommodate your specific needs is key.There are asset-based loans or hard money lenders that could potentially offer financing based solely on the value of the property, rather than relying on personal guarantees.

The information contained in this post is not to be relied upon.