We frequently provide value to the forum by answering questions and posting updates to the tax laws they relate to real estate.

@John Underwood, I've considered it, and I do have some local people, but the cleaning coordination is a real bear, especially given the remoteness of the location and frequent back-to-back turnover.

Or, buying and moving out a year later, not a bad idea, especially if you use a low amount of cash for the down payment and you can save up quickly and in 12 months repeat the process and rent out the first primary. 

As for location since I am living in the truck I can definitely do it anywhere in the country but I want to be close to a major international airport since I travel frequently overseas. 

In a year you repeat the process moving yourself and your roommate to the new property and starting to rent out your old property.

Additionally, and almost more importantly, you need to know your lender's DSCR, since many commercial loans are limited by DSCR, not LTV (although an 11% cap rate is much higher than typical).You have no reserves built into cash needs assumptions, which sounds risky to me, but I don't know the property or market.Generally, my sentiment is the lower the rent, the more frequent and higher cost each turnover is.  

This is a good way to begin acquiring more properties since after each year you could rinse and repeat.

One of my most frequently asked questions is 🤔 "What are the most cost-effective renovation projects for rental properties?"

From finding and analyzing deals, putting in offers, negotiating terms, closing, and managing properties, rinse and repeat!

There's very little consistency with this and varies based on the type of loan/property and like everything else changes frequently with market volatility.