You'll want to be sure to keep good records of your income and expenses to find that net profit at the end of the year.

It tends to draw very troublesome tenants. most of em end up as crack houses with a lot of maintenance problems and expensive turns. 

We look at the longer term 5 years and beyond in our UW to make sure the deal will cover expenses in year 1 and create residuals after that. 

They can't lie to you about this without repercussions....It may be nothing, but if it is, foundation repairs are expensive,,,!

This opens up a whole new level of asset protection, going from basic (least expense) to complicated (expensive) very quickly.  

Given your circumstances, the following advice and considerations apply:Benefit from low interest rates, no down payment required in most situations, and financing for up to four units when you take advantage of the VA loan.A thorough grasp of your budget should include the purchase price of the property as well as any possible maintenance expenses and other related expenses.

However, with continued growth in population and new jobs, forecasts indicate that 2024 will still be higher than the 10-year average for residential construction, a study from the City’s Long-Range Planning Division reveals.Photo credit: GTEC/Marty SellersThe 2023 Huntsville Development Review showed the city’s population is continuing to grow even as the real estate market for single-family homes moderates.

Specifically, a HH can substantially lower your living expenses, while increasing your income.

However if you only plan on owning it for 2 years it would be better not to buy any real estate because statistically speaking with the costs for taxes, expenses, mortgage interest, realtors commission, and other things that come up you won’t make any money anyway.

You do not need to have REPS, as long as the average stay is less than 7 days, and you materially participate in the running of the rental.