On a traditional non owner occupant loan you will be putting down 20%.

They want to park their surplus in a safe place, which has traditionally been US treasuries.

I've had the worst time with traditional appraisals.

@Andrew C.To remotely manage an Airbnb/STR you need these few items.

This is a very rough estimate and are handyman prices not GC prices.Central Air $3500 for new A/C unit.Ductwork estimate $800.Paint exterior $1500-1800Landscaping, removing trees,  depends on house but $500-1000Removing tool shed or items from back yard $500Roof estimate about $200 per square  (100SF) of roof. 1200 SF house roof around $7k-$9KSeptic System/ Drain Field $5-$7K or moreWindows can be very expensive and require permits in Fl. about $500-$1000!

You think you can break down for everyone here the itemized costs that totaled near $25,000?

Some items that really accelerated my learning:Read Brandon Turner's book on Rental Property InvestingListening to the BP Real Estate podcast https://www.biggerpockets.com/podcastListening to the BP money podcast https://www.biggerpockets.com/moneyshowAttend your local REIA meetings to networkStart analyzing deals to get practiceEngage more on the BP forumsAll the best!

Some clients save thousands of dollars a year with a Solo 401k compared to a self-directed IRA.Here are a few of the Solo 401k benefits:Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You can take participant loans from the plan.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.

Option #1 will most likely meet that criteria, you can price for any major repairs/cap x improvements and negotiate those during the acquisition, this will help you hedge against major items breaking down once you acquired.   

Traditionally you'd have to join two separate licensed brokers in each state and have separate caps to pay for each.It isn't always right for new agents - but more new agents are trying it.