Keep that in mind, these people have been conditioned to use there head as a neck weight.

They can’t lend you more because if they have to foreclose it will cost them at least 10%.)Then you want to take that $300k and get a loan for another $300k with that $300k to buy your dream home.

So for effectively $5-600/mo plus their mortgage payment they were able to secure their dream home and eventual coastal STR.

My dream is to purchase a (10+ unit) in the next year or two.

We get light weight ones and wash them about every 30 days or as needed.

You would be 100% better off buying your new dream home if you want to move back. 

I see based on your profile picture that you understand the importance of reps :)  Just like lifting weights, there are a lot of different niches within REI, so I would find one you like and then find people doing it full-time. 

@Michael I certainly understand that a 30 year pro forma is just a guess and put little weight into property value or rental income in 2040; however, I am curious about the year one pro forma and wanting to make sure that I have positive cash flow out of the gate.

After saving for years and being priced out of nearly all of our favorite neighborhoods here in the northeast, we decided to give up the American Dream of being house poor the rest of our lives and get into real estate.

Maybe that challenge would make the investing journey seem more "fun" but you are in a position that sooooo many people dream of.