If you aren't getting a real deal on it then why would you buy it? 

That 4% cap rate on in place financials is a lie.  

Lenders, Investors, Hard Money, Partners will focus on experience and risk, so bringing value by finding great deals or managing renovations, can help you break in.Keep refining your approach and connecting with the right people!

It can certainly be done, but I'd recommend having a solid contractor on your team and holding a fair amount in reserves. 

I am responding as a consumer not a STR owner we had one its lasted for us for exactly one tenant then we felt it was too much work for the return  on investment we do much better loaning money and buidling new homes than to worry about people goofing up our homes :)I do have some MTR you know fully furnished homes in Vegas and those are money makers for us top of the line tneants paying double the going rate for rent.

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Solid area, home just went on the market.

Purchase price: $282,000 Cash invested: $120,000 STR buy and hold with renovation for value add.

With you being qualified for an FHA loan on your next home that you're purchasing, will you be using the rental income from your departing residence to offset the mortgage payment on that property?

Also, any advice on managing budgets for PPC in the real estate sector would be really helpful.Thanks in advance for any insights.