Some people doing this strategy will rent STR in seasonal markets when there's high demand and high turnover and then pivot to midterm during the off season.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I dont want it to be impacting all of our credit score. 

My team and I are looking to partner with muti family investors around the  country, whatever it looks like, we specialize in acquisitions and have been wholesaling for about 5 years, we would like to start as equality partners and bring deals to others we have systems to hit a lot of leads and experience in talking with all kind of seller's, we would love to bring vulve to others and slowly build up and eventually be full  time in real estate.

It’s very hands on for most owners (high turnover employees  and employees stealing bc of cash sales) so as long as that’s something you’re willing to do it’s likely a great option for you. 

The percentage to GP seems way too high especially if the GPs have no capital invested (LPs have all the risk).good luck

If I was you, I would work on paying off that credit card debt, before you get into another large debt, especially if that $7k is high interest debt. 

That isn't enough equity to move the needle now and since you are on a 5.75% FHA, your payments are probably still pretty high comparatively which might cut the ability to save more.

Hi all, My husband and I are high-income earners in a high income tax state (California).

They seem to require high quality materials and  craftsmanship to maintain a level surface.