So the real question is whether you have other income & reserves to invest locally.

I always run my STRs with LTR rents also, as my back up plan if cities change permits or cause me to switch to LTR Thank you for your response,There are some areas that still have new homes for low $300s I figure with a good down payment I can get a bit of cash flow, I know I won’t get rich overnight but when rates go down I can refinance and hopefully in the future I will be in the position to buy some distressed properties and repair them, maximizing future income. 

It's understandable to have reservations, but don't let excuses hinder your potential for passive income and wealth growth!

Hi,Can STR purchased under LLC ownership offset active W2 income of the members of the said LLC?

An alternative I’ve heard advertised on the rental income podcast is the guarantors…https://www.theguarantors.com/I only suggest them as I’ve heard them advertise where landlords are and haven’t heard of Rhino. 

Appreciation, passive income and somewhere to invest some cash I came into.

It sounds like you have a one income household.

Allentown is still low income and developing slowly but nearby Bethlehem is doing well in recovery from the downturn.

I figured out early on how to eliminate the buyers and sellers who would take up time and not lead to income.

Is it possible to increase your income with your current full time job to get the down payment yourself quicker?