Steve, the question should be more along the lines of whether you want to build a retirement fund vs try to bring in passive income now.

This is especially relevant to zip code 13224, where there's evidence of higher-income demographics and an increased rate of new building permits, which correlates with a market that can sustain higher-end flips.MoM change in searchesHigh Volume of Searches Related to Rentals: Keywords like "houses for rent Syracuse," "apartments for rent Syracuse NY," and "Syracuse apartments for rent" show a consistently high average monthly search volume of ~ 5,000.

I mean once you talk to them, it's pretty easy to spot if they know what they are talking about.I've work on STRs before and to be honest, it is not the most fun aspect of accounting because the volume of allocating income from all sources (airbnb, vrbo, stripe, direct booking, and so on) to a bunch of random expenses (cleaning, supplies, repairs, advertising, commissions, and all typical real estate expenses).I had to strictly rely on the client's input on what the expenses belong to which property or even units, if the paperwork doesn't say. 

Not looking to do this full time, but more of a side and extra income thing. 

But ultimately I want passive income from rentals and leave my 9-5.So I guess that strategy is called Buy & Hold.

During rehab process the bank sees us with; 2 mortgages, 0 rents, and 1 income (spouse not working) and would be too risky. 2 mortgages will make us at borderline break even cash flow with existing income.

Consider factors such as rental income potential, expenses, vacancy rates, and potential for appreciation.- Negotiate and Close: When you find a property that aligns with your investment goals, work with your agent to negotiate the best possible deal.By following these steps and staying proactive in yoursearch, you'll be well on your way to finding your first investment property inHuntsville, AL.

Getting into real estate is tough as it is, and coming up with the down payment can be extremely difficult, especially if you don't have the income to support it.

Here are some numbers I crunched and my reasoning behind them:3BR Condo in Windsor Hills ~$459K~$38K projected STR income.$365K mortgage at 7.5% - $2,550/MoHOA - $460/MoTaxes - $306/MoInsurance - $200/Mo?

Your post didn't sound like it came from a landlord with 25 years of experience, so I was pointing to the basics hoping it would motivate you to do some research.A quick Google search revealed numerous NJ banks that offer the convenience of opening accounts online.