I live in Central MA and am looking for a new property(s) to buy and hold in CT. 

@Ben Fernandez I'm assuming you're looking for SF properties?

Quote from @Gregory Wilson:As for the second, there are only about 20 monetary numbers to be entered in Turbo Tax on a single unit rental property 1065 so it always seems to me that the $3500 would be better spent elsewhere.

This property also launched my short-term rental journey, running our first Airbnb before transitioning it to a steady cash-flowing rental, allowing us to scale into bigger projects.

Also as I understand it qualification for these loans are based on the property as opposed to the borrower.

Where you live in relation to the investment property shouldn't matter.

Financing your second property can be tricky since lenders may only count 75% of rental income toward your debt-to-income ratio, so get pre-approved early.

Hey Edward just make sure you check the STR zoning before you waste time looking at properties.

For example the BRRRR strategy worked with many properties 10 years ago when the average mortgage was cheaper than the average rent.

Links to 2 properties in Nashville and 1 in Memphis using the same approximations.