Hi All,Looking to buy a STR at the Jersey Shore this year, meet the material participation requirement/100 hrs, and take bonus depreciation on the unit for 2024.

Big things always happen when you are on vacation, that is a rule of the universe.Below is a picture of a water leak in one of my mobile home parks this last weekend.

It will require less down. 

I would require a much larger deposit than a usual LTR lease requires.

We revamped all the sign requirements for the entire business district and surrounding industrial areas. 

You can also do this with FHA products and their low down payment options, compared to investor loans for a non owner-occupied investment that may require 25% down.

Is PMI required?

Even after moving out after the mandatory primary residence requirement.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

You have an affordable place to live, about half your mortgage payment is paid by the renter, you get to dip your toes in the investor/landlord waters, and you are in a market that should continue to appreciate in value.I recommend reading and educating yourself while saving up for the next investment.