My name's Hunter, and I'm excited to get started being a property manager/co-host/host for short-term rentals in the Orlando area to start.

Purchase price: $460,000 Cash invested: $50,000 My wife and I purchased a duplex in November 2022, lived in it for a year, and now rent it out using a long-term hold strategy.

From an initial impression, this makes the process of long-term investing much more convenient, and the only fee (apart from regular agent/lender commissions) is the property management fee!

The Details: 3 Single Family rental homes on one .34 AC lot with existing long term tenants. 

It may take a long time to fully solve but with the visibly and funding, there should be some improvement to the problem in the near term.So those are my 3 local picks for outperforming the local market.

However, with a 5% down conventional loan, there isn't a strict limit on the number of properties you can acquire, as long as you meet the lender's criteria.One strategy I've seen work well is using the FHA loan to buy your first multi-unit property, live in one unit, and rent out the others.

"Ready" is a subjective term, but you can hang out on these forums, meeting agents, lenders, other investors, and anybody else you care to talk with for 1,000 hours.

- Minimum period contract term or agreement?

Yes, especially on your first deal.Please keep in mind that if you choose to go unrepresented, the agent you are speaking with represents the SELLER and has a fiduciary responsibility to get them the highest price and best terms. 

Plus you can buy 5 properties using that same type of leverage; much better for building your long term wealth!