So right now our STR is mostly just communication with guests and occasional property visit if there is any issues.

I just recently helped him get his GC license so finding a contractor is not an issue.

I was recently laid off from my job and have three issues: 1) No way to get a conventional mortgage 2) Need a place to live, and an advantage: sizeable savings on stock, bonds.I want to start investing in RE (ideally multifamilys), but for now I want to start small: buy a condo to live in, and [whenever I buy a multifamily I could move to] rent it.I would like to evaluate my high-level strategy, and get your comments:* [Soon] Get a "securities line of credit" worth around 15% of my savings.

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

This includes collecting rent, handling maintenance requests, and addressing any issues that arise.Financial Benefits: Renting out the basement can help offset your mortgage payments and other expenses associated with homeownership.

@Joseph McElmeelHey JosephThe fha has a lending requirement for fourplexes that could cause you issues and that is the self sufficiency test.

We have one person who enters bills and another who approves bills, so we should catch any issues, but there's always a chance something gets past your manager.

Though we cannot assist with owner-occupied, DSCR loans are typically going to be 1.5-2% origination + $1500-$2500 in underwriting/admin/legal fees. 

Location is no longer an issue, you may contact them directly. 

For example, a quiet neighborhood that used to be a busy factory area might have hidden issues, like pollution.