@Llewellyn ClarkeIf you don't have the money you can set up a payment plan with the IRS.

For short-term rentals, the same would likely apply, assuming you offer what others don't AND you have a reliable way of screening for animals that cause excess trouble/mess OR pet owners who are not responsible.

This will help you assess the potential return on your investment.Out-of-state investing can be done successfully, but having a reliable property management company in place is important.

- Aim to have enough for a down payment depending on your market it could be a whole lot or a lot less.

Tenant must be up-to-date with full rent amount payments.) and default.

A common strategy here would be to move out of the townhome -> rent the townhome out -> house-hack and live in a new property with low down payment.

My plan is to pay cash and wait until interest rate improves, then refinance and pull out $150k for a down payment on a second property.

Just as you said Arsen, that meant a higher mortgage payment, and when rent rates dropped I was not payment $3,500 out of pocket every month to cover the difference between mortgage payment and rental payments.  

I noticed on the forums that many landlords do not find Zillow background check and credit check reliable.

Hi all,I am currently house hunting for my first home in the Aurora, CO area and am interested in finding something with a finished basement that I could create a separate entrance for (assuming one doesn't already exist) and rent it out to tenants and make a dent in the mortgage payment given this high interest rate environment.