That drive is quite a drag, especially when I travel 15-20 hours to Europe and land at midnight and have to drive another 2 hours back home in Sedona.I'm thinking of buying a small condo in a decent area not too far from the airport, that I can also STR while I don't need to use it (which would be 95% of the time) and offset the mortgage with... maybe even cash-flow a bit?

Requiring renter's insurance (separate from your property insurance) is also very important since they typically would not have the cash reserves to pay for a major damage such as water damage, ruined floors, fire/smoke damage, and you will be sued by 3rd parties if something happens to them while at the house if they have to go to the ER. 

For example a buyer of a $500k home with an assumable (existing) mortgage balance of $225k would need cash to close of $275k plus closings costs.

Great paying tenants in place and it cash flows even with my almost 10% DSCR loan.

Purchase price: $18,000 Cash invested: $245,000 Sale price: $335,000 New Consruction spec home built with the help of a hard money loan from Upright (Fund that Flip at the time). 1420 sqft, 3 bedroom, 2 bath home on 1.8 acres.

He would like to see a 7% return on his investment, interest paid monthly, and his money back when we eventually sell or cash out refi (~10 years out).Our current intentions are to live in the new building, rent out our primary, and short term rent the 3 units adjacent to our unit in the new building.

Purchase price: $168,000 Cash invested: $40,000 Sale price: $299,000 What started out as a family friend needing out of their home due to financial hardship turned into an incredible project for us.

Purchase price: $525,500 Cash invested: $40,000 Sale price: $658,000 Contributors: Peter Vekselman Partner Driven, in collaboration with MH Property Solutions, successfully completed a fix-and-flip on Rick Rd, Reading, PA 19607.

I'm not knowledgeable on any of this but typically you have to buy the lot cash(I think).

Cash flow is also not guaranteed.