You cannot use "short term rental income" to qualify on the subject property BUT you can use 75% of the appraiser's rent valuation on the 1007 market rent schedule.

He would negotiate a below market interest rate with the seller of say 4%.  

Hey Jose - if you're working with $15k i'd examine your local market to see if there is an opportunity to house hack if you want to work solo.If you're opening to partnering - I'd reccomend attending your local REIA meetings to see who is looking for a partner / capital.

@Freddy HernandezUtilities are based on whatever market you are in.

Thank you I've worked short, mid and long.........In the Cleveland market, I'd say long term rentals are still the best investment with all things considered.

They followed up right away on my pre-approval application that I submitted online.The appraisal (which usually seems to be a bottleneck with other lenders) reached out right away, even before my term sheet was finalized.Now here is where I feel a bit frustrated with their product marketing and what I actually got.

I've lived in Pittsburgh my whole life and being that I'm in an out of properties every single day, I really know the market.

How is the STR/MTR market in Indy?

An investment that is in many companies, reducing the risk of complete wipeout of the investment.Chances are these people you are referring to are invested in a broad market fund, and not in a highly volatile industry specific fund. 

Are they paying market rate?