However, I don't like the fact that properties they will show me, they will have a financial interest in, because it could affect my purchase negatively. what are the pros and cons of going with an agent that requires dual agency vs. not?

Therefore you have to rely on contract, if its a new build, make sure its in the Purchase Agreement.Why?

So if you purchased one 4-plex each year, after 10 years you would have about $12K per month in cash flow.

Purchase price: $380,000 Cash invested: $135,000 Annual rental to be turned into STR when tenant vacates What made you interested in investing in this type of deal?

That ensures you don't spend it on other things and that you know exactly how much you have available to spend on the next purchase.

Purchase price: $530,000 Cash invested: $100,000 My journey into short-term rentals began after years of investing in long-term properties, but it was a podcast that opened my eyes to the incredible potential returns of STRs.

Have you considered using a down payment assistance (DPA) loan/grant for this purchase?

Current timeline to purchase is probably 6-12 months as I start narrowing down and visiting some of the places to get a better idea over the next few months.

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

The best I've seen for STRs is 80LTV on purchase and 75LTV on cash outs.