Credit, jobs, income, age, married, plans for future all this matters.

My main goal is it be able to retire at age 40 from my main job and work entirely on my real estate portfolio.

It’s super important you prioritize the end product: something that gets the job done well as an STR.  

Vitaliy, gave you solid advice and did a good job of explaining some of the key issues.

, I recall posters mentioning & it lowered risk. not a model I do in my day job.. just recall TEXAS investors commenting that LO is either not legal or highly restrictive in Texas.

In many ways those who want this probably would do better in a job than in an entrepreneurial role.And that's with regards to good coaching programs.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

The technicals (migration rates, job growth, tax situation, debt cost, etc) to work as well.

For example they only buy land and build in land lord friendly states.Before they buy land to build on, they thoroughly analyze key market indicators such as population growth, occupancy rates, job growth, and even prioritize top school districts.

It is an awesome system and does everything for single and multi family management, makes our difficult job so much easier.