I guess I should have been more specific in my post.I offered to put her in a cheaper unit and the truth is, she is moving in with her dad so that she can save money and buy her own place.

It also sounds like you are bringing skills to the table and not money.

Like any market, there are risks and you need to have the right team in place prior to buying a property or you could lose money.

Also, is no money down really something that is possible?

You could rent a home for under $2,000 and save the extra money.

In most places a mortgage is going to be less than rent-otherwise landlords would lose money.

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to support@biggerpockets.com and someone will help you.

The "failure rate" or "Pass-through rate" is where the loan officer is fighting to get an application to make a paycheck and it taking anything they can get but not putting in the work up front to avoid lost time, lost earnest money, and lost clients for realtors!

A lot of variables to give you a solid answer - but if you can financially weather a little turbulence I would stick to the the original STR/MTR plan, as long as there are STR comps that support this decision.

Apartments.com makes money by landlords paying to make their rental listings "premium" to get bumped up in search results.