Once I get settled, I plan to start investing in short term rentals in Auburn.

My real estate agent mentioned that might be a possibility and she has one setup for her rentals.

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Could look at Food Truck rental spots. 

Usually the depreciation is enough to shelter your income so that you pay little to no tax, at least on a new long term rental. 

This is what I would do if starting out in real estate and wanted to buy my own home and start getting rental income and experience.

You must know what a good one looks like, screen until you find a good one, then supervise them to ensure they adhere to the agreement.I manage up to 400 rentals and have dealt with thousands of renters.

@Matt OwensI did a HELOC on my primary to buy a couple out of state rentals when I first started.

Short term rentals?

You make such a good point about concentrating on paint, trim, doors, etc …I do this all the time with my rentals - I build to a level I’d want if I was living there, not necessarily what the rent could justify in finishes.I’ve got some issues that are far more important to tackle before the luxury fliers I might take.