Partner Driven was interested in the Church St deal in Baltimore, MD, due to its high profit potential.

There are many potential downsides – dealing with vacancies, problematic tenants, maintenance expenses, and the proverbial call in the middle of the night to fix an overflowing toilet.

Look at small multifamily homes with high rent potential and get a regular loan to skip PMI.

The STR Potential How did you find this deal and how did you negotiate it?

Other STRs in the area of smaller size have reported earning potential up to $3k per month. 

FYI https://www.rocketmortgage.com/learn/first-time-home-buyer

Are you cognizant of local supply/demand and buyer and seller competition?  

Best location in Alabama for appreciation potential is Gulf Shores. 

This will not only protect your personal assets from any potential renter who is looking to sue, but it also will vastly help the underwriters track income when looking to get approved for future loans.

I understand that the short-term might be challenging, but I’m encouraged by the long-term potential.