Hey @Katie Casper, check each municipality for the regs.There have been a lot of restrictions put in place depending on the area.There have been some lawsuits flying around in Conway so do your diligence.Bartlett is hard to read, but there are a ton of folks working to ban STRs in the area.

So I paid 27,000 in HOA dues and I have the sheriff's deed to the property.

The rate could be around 6.75 - 7.5% or so.

This is a great place to learn and to connect with people so take advantage of all the great resources.

Hana,Great question and the good news for you is you paid for the appraisal so it belongs to you and it can be used at another bank.

Hey @Eric NielsenSomething I would recommend for you is this website. https://www.areavibes.com/Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score. 80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

This amount aligns closely with your rental income after expenses, so you’d be cash-flow neutral or slightly positive.At the end of the five-year term, you could aim for a balloon payment based on the property’s future value, which should appreciate by around 4% annually.

For example, there's an Employment Verification Form, Forwarding Address Form for Deposit Refund, and so forth, that you can request your tenant to fill out.I want to make sure I'm not missing anything (as well as protecting myself) but also don't want to over-burden the tenant. 

@Jason SkinnerYour post didn't say how much seller financing you were looking for, so I asked and assumed it was 100%.

so that it won’t surprise you a last minute overestimate of ARV?