Do a small deal first to get your feet wet, get some experience that you can brag about and you'll notice people starting to pay attention wanting to do business with you.

I figured that it might be worth it to get my feet wet with this first STR property because it was only 3 miles from my local residence. 

However, a 10% second home mortgage at 3.75 % to wet your feet in the STR business, and see if this is for you is not a bad option to start with.  

(We just have to be on the same page that inspectors are paid to find problems and there is no such thing as a no-findings inspection...hairline cracks in a 50 yr old foundation or a basement that gets wet every Spring is not a crisis in the rental world)Get an appraisal if financing is a concern...every property in Toledo suffers from appraisal discount in my opinion especially in cash-out refi situations, the less time between purchase and refi the lower that number comes back.

Gonna do some exploring there this weekend.Tyrus - I will definitely read the forums, I'm certain every question I have has already been addressed, the truth is, I just wanted to post something to get my feet wet and meet folks like you!

As Josh mentioned above, most buyers are not just going to cough up proof of funds to get a look at something from someone they know so little about.

I'm in the US and I have about 70k saved up and I thought about getting experience with a multifamily homes here first to get my feet wet but I'm wondering is it worth trying in a different country knowing that's what I want in the long haul.

I am still very wet behind the ears, but I echo the idea of changing your mindset, especially about money. 

That's just a few sips to wet your whistle.

Yes because they are older, but also because our humid, and mostly wet climate attacks the construction material and the way they were constructed most.