I understand using a PM with a LTR. 7-9% is much easier to absorb and worth the cost vs an average of 30% on a STR depending on where you buy.I am not sure about the 99% comment.

It's a great market but you really need to understand it or work with a strong team that does.

This beginning learning process will be really crucial for you as you start to understand the basic principles of real estate investing and hone in on where you could have the greatest competitive advantage.

As long as you TRULY understand this will you be able to have a chance at success...

In order to obtain homes in a competitive market, be open to investigating various financing options.Off-Market Deals: Take the initiative to look for off-market deals by using internet resources, direct mail campaigns, or money-driven searches to locate motivated sellers who might be willing to sell their homes for less than market value.In the end, success in the SLC real estate market comes from perseverance, understanding the market, and being flexible enough to adjust to shifting circumstances.

Hi @Kerline Jean- Baptiste I completely understand what you're going through.

Connect with a realtor who understands house hacking and has invested themselves 6.

You will need to understand "seasoning" requirements.

They tend to focus primarily on self-employed, operating businesses, so their understanding of self-employed borrowers will tend to be better.

Yes, there are rules that you must understand and follow, and most importantly, have a trusted advisor who can come for guidance.