Talk to a local mortgage broker about what their requirements are.

Hi,my name is Fritzie.

The key evaluation data points for STR investors are accurate records of rental income and occupancy and/or projections from local mangers and online tools.

Even facebook might have some good local groups for you.

Check local zoning laws and building codes to ensure converting the basement into a separate apartment is permissible.

Whether you'll fund from an LLC and hold in an LLC vs. your name (all other things being equal) can change things.

@Jesse Bennett I haven't tried this yet, we use a real estate agent which gives us access to everyone on the local MLS.

Online resources, real estate forums, and local investor meetups can also provide valuable insights and practical advice from those who have firsthand experience with seller financing and flipping properties.

Here are a few considerations:Market Trends: The local market shows signs of softening with more homes for sale/rent and lower rent prices.Future Cash Flow: With expected rent reductions, my cash flow could drop to $950/month.Alternative Investments: I haven’t found any local deals that generate positive cash flow.

The off-market properties I'm seeking out personally are almost always low end (of the local market) , 95% raw land or tear downs.