Purchase price: $270,000 Sale price: $310,000 Buy & Hold Single Family | Prices in this area were appreciating so I purchased this under market value and held short term.

Purchase price: $53,000 Cash invested: $12,000 Single Family 2bed 1 bath home, light rehab, rented for $1200 per month.

Good Morning, Is everyone still feeling the STR market is pretty strong here or is long term rental the way to go for a single family house.

One thing that buyers/borrowers often don't realize is that you can also do Conventional, VA, and USDA for owner occupied property in addition to the FHA 203K product.

Your best bet is find a lending broker you trust and like working with and they will almost always have a loan product to help you fund! 

.), since the business aspects are completed in a single day and I usually stay for a week.

If you have to, interview a couple until you find one that you "click" with. 2) Let that agent connect you with their network of investor-friendly lenders. 3) Meet with these lenders, have them talk over your finances with you and what loan products you would qualify for at the moment based on your income and assets. 4) Let the outcome of that conversation (#3) dictate your strategy moving forward and take your findings back to the realtor so you can craft a plan. 

The main block I have with multi family (which is the route I had intentionally intended on going ) is that because I already own a single family, I would need to come up with a substantial down payment and multi families around my area are 800k +.

It's a smaller home ( 3/2 1000SF all single- level with tile floors throughout so no carpet).

I'm thinking I'll start out with a single LLC in my state, and use land trusts when closing.