Every state has a slightly different process, and time frame for each step, so you may want to consult a Realtor for your state process.

David, this deal could work, but I’d want to dig into a few things first. 80% occupancy with long-term tenants is solid, but what happens if a major tenant leaves?

It was a fun realization so I thought I'd share it here.I purchased my first real rental 11 years ago off the MLS for 108k (put 20% down).

There is so much that goes into buying an STR, especially your first one.

John Jacob Astor, America’s first multimillionaire, built his fortune by acquiring vast tracts of Manhattan.

Are you looking to invest into a passive vehicle or are you able to utilize the funds in more of an active capacity?

Focus on getting the first one and try to buy one a year. 

But I want to now purchase a house with the first time housing program, would I be able to?  

And don’t overthink—your first deal doesn’t have to be perfect; it just has to get you in the game.You’ve already taken a big step by asking for guidance, so keep that curiosity alive and stay consistent —let’s crush it!

If your padsplit residents have vehicles that can cause parking issues.