I did a bit of research and wondering if the current interest rates, high real estate prices, and weak 12-14 week rental period make it a bad investment.

I have been hearing more about airbnb in the area of East old Brooklyn directed toward travel nurses in the area

Hi Wayne, since you're investing out-of-state, my advice for you is to read this book “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

How long did it take you to get rental assistance funds from the state? 

Hi BP Community,Working towards closing my first deal soon and wanted to make sure I have all my logistics in order as I near that date. I'm planning to have a separate bank account/accounts for my entire portfolio, j...

Generate at least 5 rental inquiries per week.3.

This will be my first rental, so I am still learning the process.

Some lenders will work with any level of investor experience, credit scores as low as 660 and can close in as little as 10 days (there are loan options for 640-660 credit scores- they require 20% down).Another good thing is interest only and 6-24 month loan terms- you can refinance by selling or refinancing to a long term DSCR rental property loan at any time once you complete the rehab. 

My Wife and I are looking to purchase our first rental to start building cash-flow (typical story, building generational wealth).

My partner claimed all the rental income and expenses.