I think the numbers work very well and I appreciate the tenant quality and overall comfortability for myself living here. 

Living in the home for a year helped us feel comfortable that there weren't any major maintenance or safety concerns.

The cashflow on STRs is potentially much higher, so I would be more comfortable buying an on market STR in an area that sustains STRs.

Hi Nathaniel,I was in the same shoes as you twenty years ago when I graduated from college. 

Once you get comfortable networking and get some wholesale transactions under your belt, then you can decide if you want to try other exit strategies.

I signed up for coaching from a real estate investor that a friend recommended in the area and she does long term rentals and AirBnB, so hopefully at the end of that I'll have even more clarity and can feel more comfortable moving forward, because I am motivated to get started! 

Because of the relationship with my lender I am also comfortable offering cash so as far as the seller is concerned there is no risk of the deal not going through because of financing not working out.

Once you are pre-approved you will have a better idea on your affordability based on price point and how much of a down payment you're comfortable paying.Once you have that information, you can better understand if you can afford to BRRRR or should do an FHA loan on a multifamily property instead.

You're a very bright guy and I believe you will reliably go where the data leads you, not to your comfort zone.

There is a matrix I like from Jeffery Norton that uses the ppsf method and I think that is a good place to start as he has the numbers updated for 2021....however, for my own comfort I want a few GCs to go boots on ground after I have locked in a property through a contingent offer.