We also had to get a lease signed on our old home before we closed on the house, but we had everything set up and ready to list as soon as we got under contract.

Put a big nice looking sign up out front of the property4.

I'd suggest asking your lender to mock up what it would cost to get your rate to 5% and then do a cost-benefit analysis to determine if that's the best use of your funds. 

You can go heavier in one category but that's up to you on which on you'd rather invest more in

I was a RE broker doing acquasitions for a large syndicator in the 80s in San Francisco / Sacramento market.. and thats what brought down their billion dollar buziness taking reserve money from good projects to prop up losers..

The seminal book on the strategy, 30-Day Stay, published here on BiggerPockets and written by MTR pioneering investors Sarah Weaver and Zeona McIntyre, has helped popularize the method.

What if you get into the market and absolutely end up hating running a short-term rental?

I am 22 years old with a nice set up.

Hi Nathan, Thanks for reply, But I am from Canada and my city doesn't show up there.

I do have a contractor that has an amazing team that can do everything from the ground up to plumbing and HVAC.