Also, I know those who’ve gotten hit with special assessments that wiped away cash flow and some. 

At the same time, talk to multiple lawyers in your area--your area--that specialize in evictions and are in that court room ---your specific areas court room--all the time. 

Dive into syndications and private placements as a passive LP partner.Birmingham was my first out-of-state investment experience, so it holds a special spot for me.

Research whether or not you need any special licensing, registration, or zoning to operate your home in this way.5. 

Any special lenders that you were using that accept foreign nationals?

Being so close to the bases, you could make change it at some point from a long-term rental to short-term (for families coming into town) or mid-term (for military contract workers) and that would earn you more.For now, I would keep saving and invest in something else and leave this as it is.

Consider exploring alternative financing methods such as bridge loans, seller financing, or specialized 1031 exchange loans, which are tailored to streamline the exchange process while ensuring IRS compliance.I remember when I first got started with house hacking, I made the mistake of not looking into all the nuances of 1031 exchanges.

We specialize with Fix and Flip and New Construction loans...We are all here to help you learn and grow.

Aloha~ I am on Oahu and specialize in creative financing specifically for investments.

Yes, I worked with an excellent real estate agent who specializes in investment properties.