My credit was pulled twice (currently sitting at a 700+ according to Experian) but I don't know if this would affect my score or anything when it come to actually choosing a property and locking in a rate.

Then keep $30,000 in reserves in a hysa for emergencies.

Quote from @Jill Young: I'm interested in purchasing a property in Texas (that's in a great location for STRs).

hey David,As a broker, I have several options if you're looking to only touch the equity in a second position lien on investment property. 

What makes you an expert that the unit is in a great location & condition and the market is hot, relative to the property manager?

Quote from @Jemini Leckie: Hello,I live in a mountain west state, not California.

Consisting of 112 units located in a growing and stable area of Dallas.

That growth is unevenChase JordanFri, January 24, 2025  The ever-growing Charlotte region is home to 3 million people, but the population is projected to swell by more than 50% over the next 25 years, according to local researchers.By 2050, some 4.6 million people will be living in Mecklenburg County and surrounding areas, the Charlotte Regional Business Alliance said in a report released Thursday.

That can be a draw back if the market is on a mad run up tho.Also, I would always have enough in a heloc to cover your 401k loan in the event of job loss or if you quit your job. 

Quote from @Evan Thomas Andriola: Cleveland investors,What are your thoughts on investing in a property that is currently vacant?