Most agency lenders, Fannie/Freddie have been asking for 65%, knowing that there was problems on the horizon.You need to ask yourself where do you feel comfortable with debt levelsGino

If you want to quickly expand you'll need to maximize your cash on cash and try to put as little down as possible. 

First, a lot of people with Section 8 vouchers end up staying in the same neighborhood because it’s where they feel comfortable, where their family is, or just because they know the area.

You’ll want to make sure the rental income comfortably covers the new mortgage, taxes, insurance, and any maintenance costs.

Your disposition may be to move forward with that as i believe i read in your introduction - but not needed to understand and develop some degree of comfortability.  

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

The key question here is whether you’re comfortable with a relatively low initial cash-out and whether the property’s long-term cash flow makes up for that.Since your goal is portfolio-building, the BRRRR method could work, but the numbers have to make sense for you.

It all comes down to picking the right areas that work well with your personality and attract the type of clientele you feel comfortable working with. 

By securing favorable terms upfront, I aim to maximize my ROI when selling within a 3-5 year window.I believe that connecting with like-minded investors is key to continued growth and success in this industry.

There are so many rentals in the area, probably on shared wells, so those people have either decided the STR use is okay or they are comfortable risking it.My intuition is that any actual disagreement over water usage could be handled with the other owner; but the risk would be if the other owner just doesn't like the STR and wants to use the well agreement as a reason to demand it be shut down.Any advice would be greatly appreciated!