I mean myself and any bank would need more details, but if you utilize that large sum as a downpayment and have a small mortgage, wouldn't you easily qualify for the debt to income?

@Rene Hosman As a property manager with 20 years experience and a portfolio of 1,000+ single family homes, I can say concessions like reduced rent rarely work well for smaller landlords.

As a newcomer to this field, I am eager to learn and grow, while also contributing value to investors and professionals.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

And it has been gaining recognition as a vibrant, desirable place to live, especially for younger professionals and first-time buyers. 

I myself am in a similar position looking to acquire a secondary home in the Banner Elk and would plan on using as a STR and would love any input on your findings!!

We’ve found a great option for us in Tennessee with a cabin (currently used as a str) and a mobile home.

Bringing the seller in on the deal not only gives them an opportunity to benefit from the upside of the flip but also positions you as a problem-solver, which can build trust and goodwill.

you can register your one LLC as a foreign entity in other states.

As a property owner, you can manage your own properties in Minnesota.