Many people get suckered into paying cash, and then the contractor disappears.

Plus it takes 6 weeks for new sod to establish (for roots from sod to grow into the ground).

Consider a smaller starter home or condo and then work on your income to upgrade into a home. 

@Kyle Castle as long as your bank account(s) that you receive rent $ into and pay expenses out of are integrated to QuickBooks you shouldn’t need anything to bridge the gap.

That would be a break even anymore for PI would likely put you negative sometime in the futures because reserves aren't being built up.

Looking to tap into my equity to get into rental properties.  

@Khayla WilliamsI strongly recommend against borrowing 100% for a propertyThere is significant risk in owning real estate including section 8 and maintaining the home in a certain condition and if you do t have the funds for those repairs you could lose it all.I always recommend people budget and save enough for a down payment and reserves before getting into their first property.

We never advise breaking local regulations but we have managed some that were not zoned for STR, and did not have a problem until recently. 

Hello Pat,When seeking someone to partner with on this, I'd recommend sharing how much you plan on investing into the deal yourself.

In all seriousness, its simpler to include any fixed costs into the rent.