You must use non recourse loan meaning no personal guarantee.

Keep in mind that the money that you contribute to your Roth IRA does not have to be invested in publicly traded securities;  it can buy real estate and still keep it's tax benefits.

To my knowledge, public schools in that county are poor so the property may be very slow to appreciate.It's a perfect area logistically, right in between Fort Lauderdale Airport and just a little North of Miami to keep costs down.

We are analyzing a purchase near Vista and our partner on this effort looked up the following:1. https://www.airbnb.com/rooms/14292365: Small studio rental in same area; historic converted carriage / barn = $100/night with 14 nights booked so far in May = $1400 for month2. https://www.airbnb.com/rooms/9351161: 2bd/1ba guesthouse same area; non-historic and bland = ~$95/night with 24 nights booked so far in May = $2280 for month3. https://www.airbnb.com/rooms/17674810: 1bd/1ba same area; non-historic but well designed = ~$90/night with 19 nights booked so far in June = $1710 for monthYou probably would want to do more similar analysis on Vista before proceeding with the STR route. 

When I say "big builders" I don't mean the publics--I mean the local guys who were the dominant players in the market either pre fire, or pre-market-collapse that have come out of retirement. 

So here we missed one payment in this example, but our credit report actually shows 3x30 day lates.Like @Harjeet Bhatti said, you're probably cut off from the gov't subsidized Fannie/Freddie stuff for an investment property for a year or so.However if you come across something, and it's such a screaming deal at that price that it still makes sense even with non-ideal financing (remember that if you have to choose between the two, killer price is better than killer rate -- as any successful flipper will attest to), there's a lot of "Alt-A" (once upon a time called "sub prime") that's come out just in the last year that's better than HML.

@Khristopher Burford Welcome to being ‘public’ on BP.

.- Look at the conditions attached to the TPM to see what the County is requiring in terms of public improvements. 

I also just replaced a boiler and instead of using their financing- I used the energy financing program through my power company- They have a 10 yr O% financing program and it’s even for non owner occupants.

Account Closed I just checked the public records it was converted from a single family, and now they are selling it for almost what they paid for it back in 09.