Yes it's a little onerous to get started, but the guests or a better class than my Airbnb guests for the most part. 

A better option if you can swing it is to purchase with your own funds, gain access, then refi into a loan.

And that’s not a small number.Stackable Benefits: To make it even better, in some cases, you may be able to qualify for multiple programs at once, giving your down payment an even bigger boost.Rob Chrane, CEO of Down Payment Resource confirms a little-known fact:“Some of these programs can be layered.

Getting that first property is exciting—and yeah, NYC is no joke when it comes to price of entry.Honestly, a lot of people I’ve talked to in your shoes end up finding better opportunities just outside the city.

There definitely is better but I wouldn’t say one is bad." ....This is a misconception that gets many in trouble. 

If possible, consider a duplex or single-family home with extra rooms instead, as they offer better appreciation and flexibility.

Most better policieswill not have a deductible for either the Liability or Medical payments coverage.

What are some of the better multi-family markets in Georgia and the Carolinas? 

Weirdly, you may actually be able to get better terms and/or more LTV on the refinance if there is debt on the property as lenders have rules for max cash in hand (max proceeds you get at closing) for cash-out refinances.  

Total this is a $34k return which is around 10%, that’s not bad, but your numbers will get a lot better after you do a cash out refi.