Purchase price: $194,500 Cash invested: $51,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

I have 2 people that are willing to do this deal.

I say this because some people try to get in as a get rich quick scheme and it is not. 

"Saturated" is a bit of a throwaway term IMO - I manage STR's on Oahu and while Hawaii is about as "saturated" as it gets with STR's, people are making great returns on the right investments.

You have one of those dream situations of using other people's money. 

I know there are many people on BP that invest out of state, but the challenges for doing so are not small.

If they did open it up like that...it would allow thousands and thousands of people to get VA loans but it doesn't seem to be accurate.

Most people who list and sell their own homes with no experience as an agent crap the bad in fantastic fashion.

Purchase price: $212,500 Cash invested: $50,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

People have a tendency to want to do what they know and what they like which is fine for your primary residence, but not always the best choice for an investment.