I'm trying to buy my first investment property with ~$100k saved up.My brother started his first W2 job last month that pays $45k/yr+ commissions.I plan to get a minimum wage job/an entry W2 job since I'm still in college and to hopefully qualify for a bigger loan.A lender estimated we'd be eligible for a $300k loan with $100k down, and a $2,500/mo payment on a $400k property with only my brother's income as of now.California is too expensive for us so I have been looking into out-of-state investment properties.What would be the best investing route for us to take to grow our wealth?

I checked public records and online sites that says the houspe has two bedrooms, one bathroom, and is 1,008 square feet.

I suspect I am in top 20 on BP site in terms of STR longevity (first 2 STRs were in 1999).  

@Alex GarridoInvesting in Panama City would work out for short term rentals because you could pay for the holding costs and maybe profit nicely while hopefully the value of your property increases over the long term.Unfortunately, it’s illegal to rent for less than 45 days and personally I’d never suggest anybody gets into an illegal business overseas.I’ve come across a couple rare buildings in Costa del Este who have a permit but, as you could expect, it’s reflected in the price.

The main issue is that in Sandbridge, there are a couple of management companies that have their own booking sites, since Sandbridge has been a vacation rental spot for a very long time, well, before Airbnb was a thing.

We are listed on 15+ sites.  

I also pay for performance, meaning if my selling realtor gets my full net-price or better, I bonus them an extra .2% (which would be $2,400 in this example).

While the usual saying "you get what you pay for" obviously applies, I'm flabbergasted that people are ready to invest hundreds of thousands of dollars in a foreign country but have an issue paying a likely small amount in relation to that to make sure they don't end up making a bad investment.Hope this helps!

I currently have student loan debt of $70k that I am trying to focus and pay off completely within 3 years.

I am going to have my tenant pay rent online directly into my new checking account.