We aren’t looking to buy right now but we are hoping in the next year to be able to start the process.Originally posted by @Lien Vuong:I think I would evaluate the rental market and units in the same condition as yours.

@Jonathan BeemerI'm assuming you're looking in Broken Arrow OK, and from what I know about the area, homes there aren't very expensive so saving the 15%-25% down shouldn't take too long.

I would disagree that the ideas aren't relevant to 99% of people here as there's value in knowing these concepts to most people that rent property, from big to small.

I'm mainly worried because I plan on being diligent with background checks but with normal rentals in NY you don't have a right to run a background check on occupants that aren't signing your lease.

I think you’re right, the homes here are interesting and definitely not traditional by a national standard.It also makes it difficult that vacation rentals are technically illegal, since there is such a large quantity of them.

Don't worry about the hit, they aren't that bad and it's not going to weigh heavily since it is a mortgage preapproval not a shiny new credit card.

As far as scaling, you have to do direct mail, door knocking, mls, everything in BIG quantities.

If you aren’t using a Realtor, why is that?

Cash out refinance if you aren't living there.

What are my next steps if they aren’t on speaking terms.