Smaller banks have more leeway than bigger banks.  

Research local market rates to determine how much more you can charge; often, Airbnb properties can command 20-50% higher than traditional leases, but this varies by location and demand.

Take what you hear from @Mark Miles with a grain of salt, he has been reposting the same negative info on the Poconos for more than 3 years now.

Not impossible but harder than it should.

I work with a good amount of investors, and some advice I would offer is to not shy away from a deal bc it is not a "perfect" BRRR.

I've seen some less than favorable experiences posted 3 - 5 years ago.  

I still have to see what's happening with utilities, but right now it would cashflow anywhere from $150-$300 (depending on the loan type and DP we select) with a CoC ROI between 9.9%-10.8% (lower than some other options we're looking at, but it already has tenants...)Thoughts?

Hi Melvin,Origination charges = 0 [Covered completely with lender credits]Services you cannot shop for = 2725 [This is the VA funding Fee]Services you can shop for AKA title work = 1723Total Loan Costs A+B+C = 4448Taxes and government fees = 3279 & G Prepaids and initial Escrow at closing = 10007Total cost including escrow = 14455

Your post is under the house-hacking section, do you plan to house-hack and live in this property that you purchase in Jacksonville.If you are planning to live here in Jacksonville, it is important to choose a good neighborhood that you would enjoy living in.I personally like the 5 points/riverside, San Marco and Southside/Baymeadows area.These areas have more resturants/activities than other parts of Jacksonville in my opinion.

Nothing was more evident than going to the mastermind earlier this month where you had people new to real estate talking and building relationships with people who have been in the industry for years.