I see the lines between extended stay rentals ("LONG" short term rentals) blurring with traditional rentals.

If you're doing a traditional long-term SFH, then I think 20% down would be best as that PMI will impact your cash-flow.  

@Reyna LopezNo, you won't qualify for traditional conventional financing if you switch from W2 to 1099 (although some alternative lenders have embraced the new CFPB guidelines that don't require income verification).Your best bet, if you are making the money you hope, is to get an asset based DSCR loan.  

Hi BP team,I’ve been trolling the forum for years and just closed on my first rental property in Philly, a triplex.Close date was 4/15 and no lie, the last 45 days have aged me with stress and anxiety(I’m 27).I purchased just outside a college area, not really a prime location/there is a new property being built right next door, which started the week I closed and development on my block.Long term, maybe my home value increases w the development — BUT it literally killed the lighting/views in a couple units which is making tenant finding harder (plus construction noise) and I kind of already knew my challenge would be in placing tenants.

I'm a college student and therefore don't qualify for any traditional financing(which I believe eliminates the FHA loan program).

Its tough but generally traditional financing will go off the past 3 years of your tax returns.

Best is lighting and signs that say 'no trespassing 24 hr video surveillance.

If we went with traditional investor financing were probably looking at tying up at least 60k just to purchase the property, not to mention the rebuild costs.

On the other hand, you may have increased utility use with lighting or security cameras.

There are luxury developments all around us, including BlueJack National that has the name Tiger Woods attached to the course.I'd like to put a new/lightly used mobile on our second lot as a rental, but want to do an equity loan with little cash down.