(luckily all my tenants paid, but I hear apartment owners got screwed by the bottom feeders.

If i paid off my first rental, it would bring in $2750/mn (before quarterly taxes/expenses) and then i would have a bucket of equity to tap into if i ever wanted to buy more property.

Without the maintenance fee what you paid 3000 for is useless.

What information about myself and my partnership can I pre-package to arm myself with before approaching a potential lender?

So as of now i paid off all my dept and putting cash aside.

Overall, the rise of average daily rate and occupancy rate has slowed down, while the number of listings has continued to rise.All in all, the STR market is settling into the trajectory it was on pre-covid, not falling off the face of the earth.

I have a property in Baltimore that's completely paid off but is ground rent.

I haven't seen this lately but be careful and read the terms - there are often terms in the mortgage that preclude using the second home as an income property or limit the number of days you can be paid rent on it.

But your mistake is way more liley to be that you waited too long for the elusive "perfect" deal than it is that you buy the wrong thing.Get connected to a house-hacking agent, get pre-approved, run some numbers, see some houses, buy something and in a year rinse and repeat.

Because my income starting out is expected to be around 200 K, I believe that I can rely exclusively upon conventional financing to begin with, until I exhaust the total of 10 mortgages for which I am eligible, and proceed to snowball all profits into paying off each consecutive property -- each time I pay one off, I will be eligible for another (10th) conventional loan, as well as a home equity loan secured by the recently paid off property, which I can use to buy 1-2 more properties.