They also have longer programs and interest only rental unit programs.

Lender determines they would need to show 150k in income to qualify for a 500k rental property. 

They now see you as a weak landlord and will walk all over you every chance they get.Please don't make another mistake by housing them for a renovation and then handing them keys to a renovated rental.

If it works as a traditional rental, everything else is gravy on top.

You also have bank statement loans where they use 12 or 24 months gross deposits of a personal or business checking account.Buying a primary home is the fastest and less expensive on the pockets to then transition into a rental in as little as 6-12 months.

I have a rental property I’ve held since 2019 that I’m considering selling.

Rental reductions kicked in after close so on an income basis appraisal, i don't see how it would be valued at purchase price, temporarily anwyay.

Maybe its a terrible idea but I'm really just looking to be able work for myself and slowly create a rental portfolio. 

We typically use hemlane.com which is a great platform for managing rental properties - We love it. 

I plan to use this investment property as a self-managed short term rental (STR) to generate cash flow.