One challenge to manage is being able to clarify for lenders on those rentals (if you have them) which amount of the premium should be paid for each rental so that they do not include the entire premium into their escrow analysis, inflating your monthly payment on that rental. 

Worst case you have zero money and you pay interest for one month on $330 for an “expensive” repair. 

Quote from @Patrick Roberts: Angel oak and A&D mortgage are two of the bigger lenders that I know of who will do 2nd's on investment properties as of a few months ago.

With 5% down, mortgage all in would be $4700, 10% down $4500/month, 15% down $4300, 20% down $4000/month.

Unfortunately, even though it's only been used for 2 months, the warranty has already expired (90 days for commercial appliances).

Quote from @Tom Enright: Hi Forum, I'm about to close on my first STR and plan on materially participating >100 hours this year as I'll be working on the property and plan to rent it the last 1-2 months of the year.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

The loan is still on my name, but is being paid off every month by my buyer.

MAREI's still here, we meet at the Double Tree on the 2nd Tuesday of the month from 6 to 9 and we have a meeting after the meeting.1st Meeting is FREE.We have generally 100 in attendance.Come out and check it out, join our community -Next meeting is February 11th, 2025

But as a data point on Huntsville: my Huntsville property with REI Nation turned over in May 2024 and stayed vacant for serval months.