However if you want to generate more cash flow putting 15% down will help you because not only is it a lower montly payment but when you hit 20% equity they will remove your PMI.If you put down 5% I would stronly encourage you living in the Airbnb if possible and renting out the home so you can generate even more incomeIf you look at it like this it'll helpMonthly payment < Potential income + current rentIf you can move and reduce your cost of living that is always great at the bare minimum they should equal each other in my opinion because at least you'll have equity if the market you are choosing is a strong equity market.

My impression is their students have a decent beginner level understanding of how to market and ask general questions of potential note sellers.

Quote from @Cesar Garcia: So I'm thinking of purchasing a house out of state since my hometown market doesn't make much sense to purchase in. 

Some investors may use different percentages based on their risk tolerance and market knowledge.

Market OverviewThe Los Angeles retail market showed signs of stability in Q1 2024, with asking rents holding steady at $34.21 per square foot and vacancy rates remaining unchanged at 8.1%.

Im a South Shore guy and the market here is nuts right now. 

If you come across off-market deals and we're still not connected, please shoot me a message.

Hey @Noah Yashinsky, South Florida is more of an appreciating market rather than a cash flow market for long-term rentals.

You should always raise your rent if your market supports it.

As a hard money lender specializing in fix and flip deals, I can offer some insights on choosing the best lender for newcomers to the fix and flip market:1.