The more you know, the more prepared you’ll be.2.Find Your Strategy: Real estate offers multiple paths—flipping homes, building rental portfolios, commercial investing, etc.

The overall gain on the sale of the original property was over $500K, and I received $500K in cash.

I know this doesn’t necessarily have to do with investing, but I believe it is important regarding the next steps towards my investing journey. 

You can put a little as 5% down payment for conventional or 3.5% for FHA.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

What options do I have to exit this investment?

It’s worth the investment—placing the wrong tenant can cost you much more in the long run if you have to deal with evictions or non-payment.It’s about finding the right balance for your needs, but in my experience, having some professional oversight can save you a lot of headaches down the road.

Worth investing in the soil sample on the front end. 

The best protection for you and your investments?

I never actually knew when the original male co-tenant actually moved out because they didn't tell me for who knows how long after it happened.

I did STR in a duplex starting back in 2017 and managed for others in North Conway, Ive since converted to all long term tenants and happy i did so... unless your property has something unique or a "rare" amenity.... like, sleeps 30, I honestly would not waste any energy on it in the north Conway area. so saturated, and so much big money being invested in the hotels, its tough to match amenities vs cost, and I see travelers trending back towards the hotel style accommodations. granted, for the right price, I'd buy anything and figure out what the best use for it is. use airdna.co for decent data on # of Short term rentals in any particular market. can also identify opportunities. the point of my response.... be careful in STR in any area and always have a plan B. you can change a lot of things about a property, but your cant change your basis!