Hi @Manthan Patel, congrats on taking the right steps towards getting your first property.

If this is an STR, DSCR lenders will require that you have booked the property on an STR site for 12 months or have 12 months of prior experience with a different property.

Thirdstone Properties.

You put a down payment on the property.

I already have an eye on a property.

I saw a prior post where you mentioned having a STR in Texas.you want to have a conversation with your accountant to see if it can be treated as an active property instead of passive.If it can be, then there is a potential opportunity to offset the losses against other forms of income such as wages, interest and dividends.

We have a note in property stating for guests to contact us within first 24 hours should there be any concerns.

Many investors start with a variety of insurance carriers to manage different properties.

I used to own a small property maintenance/handy-man company so I have some skills that I would be willing to barter with.

Currently, I live in Hawaii, house hacking my own property, and am looking to expand into out-of-state long-term rentals.My goals now are to master the art of wholesaling, continue raising private money, and build a strong portfolio of long-term rentals.