If this is the case, don't be afraid to do the bare minimum to get the space up and running, and then add items as needed over time after you have some rental income to play with.However, if you are planning on transitioning these to STR's in the future though, I'd definitely recommend getting as close to fully set up as possible before launching. 

Buying a modular or mobile home first and then next move into a single family.Buying a home out of state only having to put 10% down can be used as a short term rental immediately then on the second year you refinance and transition into a investment you only need 85% LTV.The tough part is when a buyer purchases a single family home and then wants to buy a 2-4 unit and say they want to live in a unit.

We manage 70 units (moving up to 100 this spring), and I think the transition will be very smooth for the new properties we are about to begin managing.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $118,000

Cash invested: $30,000

This is a single family property this is rented by the room. The entire house is fu...

The only problem is finding a way to make that transition, while paying the bills.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $118,000

Cash invested: $30,000

This is a single family property this is rented by the room. The entire house is fu...

We spent four years in a duplex, maintaining it in our rental portfolio as we transitioned to another house hack residence with an additional accessory dwelling unit-type house next door.Navigating the intricacies of FHA loans in competitive real estate markets can be daunting, given stringent home requirements and more complex processes.

Without steady income, the odds you can successfully make that transition are very low. 

Hi Min, We see this scenario a lot for clients that are planning on retiring and looking to transition to another state. 

@Zach C. let us know if we can help at all in your transition!