You may want to even intern for a seasoned professional. 

You'll have to wait for 6 months seasoning in order to execute option A30K max cash out within 6 months and after six months if it's an SFR you're looking at 75% LTV or 70% if it's a 2 to 4 unit.I hope this helps and have a good one Sir.

@Vincent FinnWhat's up Vincent join the GAREIA you should be able to find some seasoned investors there to partner up with.

Use seasoned personal funds for the down payment.The time to max out the credit cards (if absolutely needed) is during the rehab phase.

I have a friend that started buying older, large homes.

I understand the worst case w the 6 month relocation fee etc. and the tenants are probably gunning for that.Also whats going for my side as the landlord is all these 3 tenants on the 2nd floor are seasonal, 3 month leases which all end Apr 30th anyways, and its an owner occupied house, i occupy 1 of the rooms. 

My wife and I are considering purchasing the home as an investment property for peak vacation rental season (5 months) and list it on airbnb in the offseason. 

This is a FAR more accurate method of maint/capex estimation than the good ole' pro-forma 10-15% :)Now if you buy a property that's got some older components, you should look at your short term maintenance budget vs. your long term maintenance budget.

I recommend that you hire a seasoned property manager so that your marriage is free from stress. 

As you all probably already know, this market is competitive and we are concerned we won't find anything to fit our needs in the next 45 days.Would love any seasoned knowledge from you all.