Many 401k plans offer a loan option for a real estate purchase if you plan to live in it. 

And third, you can make sure your lease's guest policy and non-smoking clauses are beefed up and made extremely clear to the tenants.Lastly, you probably inspected the property at least once or twice before closing, so you would have likely been able to determine if there was any significant smoke damage or cigarette smell inside.  

Purchase price: $42,000 Cash invested: $15,000 Single family detached 2 bed/1.5 bath.

Are you refinancing or purchasing?

Hi, I have the opportunity to purchase a cabin in Lake Lure, NC.

I'm in the market to purchase a short-term rental in Saint George Utah but the market there (perhaps like many places) feels very overpriced. 

Hi there, My husband and I both purchased properties in 2019 before meeting each other.

My wife and I are passionate about real estate and looking to purchase our first long-term rental property (small multi-family).

Seems like you know the answer and need confirmation (and I am typing this from a 3/2 beach block condo in Wildwood Crest.)At 25% down purchase, even renting 12-14 weeks you would negative cash flow $3-5k month when you consider the many layers of expenses and the current rate environment.

They were told that since they will be purchasing a fifth property with a Jumbo loan (with total value of loans in excess of $4 million) they would need 120 months of reserves for all of the loans put together (about $1 million in reserves).