Often it is based on how well you pay back history.

even with higher rents once you calculate in the taxes, insurance and PITI based on the price its little to No cash flow.

Based on my research it seems like with a little rehab and managing a short term rental effectively, short term would likely cash flow more in a market like Tampa. 

I am beginning to learn that  I may not always find a tenant who is perfect on paper. 

I understand there are risks to this too, but putting an offer, with the caveat of based upon complete financial review, might be more enticing for owners on the fence.

I am a realtor based in York, PA.

View report*This link comes directly from our calculators, based on information input by the member who posted.City is in the Northwest Arkansas area.

Began scanning MLS everyday to find a deal (I am my own realtor and this is my first transaction).January 2024 – After searching deals daily, I saw a property listed that day for 219,500 two blocks from my parents home and promptly made an offer that day for 222,222.Listing realtor kept the bidding open for a week and asked for a counter based on competing bids (in hindsight I don't think there were actually other bids).

Based on my understanding now,  in theory, if you pay your kids $599,  you kids could still face SE tax obligation even if you don't give them 1099-Misc.

Based on CMA I'm expecting atleast 30 days to find a tenant. thanks for the advice!