While you work on that, you could also explore creative financing options like DSCR loans or partnerships to fast-track your first STR.

Have you looked into property management options or run numbers factoring in potential vacancies and maintenance?

Just an option, we love it.

I know about some financing options that i could use and need to learn more about my local market just am scared of risk!

Paid platforms often offer additional features like market analytics, off-market property leads, and filters for investor-specific criteria, giving them a leg up over free options.

As you indicated you have plenty of options to start.

I would strongly advice consulting with an attorney or financial planner to discuss your options.

Syracuse is definitely experiencing a lot of hype at the moment because of Micron, and we're seeing lots of renovated options on the market in areas that likely won't benefit from the new campus.

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.)

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.