Meaning, we can't over-improve a property based on the neighborhood. 

Option 3 suggests having another discussion with the credit union to negotiate terms or explore alternative loan options within the institution.

While I may be new here, I bring with me a diverse background in business ownership, real estate, web development, and paralegal services.

Then, run your numbers on the potential STR income - what are your expenses going to be (they will be more), and what is your projected income based on looking at competition in your area on the sites?

. - I would suggest posting here on biggerpocket in the classifeds section, on real estate Facebook groups, and find some local agents/wholesalers.Make the downpayment and interest whatever you want based on your current needs. 

As alternatives, explore house hacking for faster equity building or consider other investment strategies aligned with your goals.

There will be significant cost and time involved, hence the alternative, pre-emptive steps outlined.Focus on loss minimization rather than an emotional response.Best of Luck -

There are still areas where you can buy units for $200k/ door but they require a lot of work usually and covering all operating expenses and interest payments can be challenging base on low-ish rent levels in some places.

It sparked a passion within me for real estate investing, particularly with the dream of building generational wealth.I'm based in the vibrant Denver, Colorado area and I'm reaching out to this community with hopes to connect and network with fellow investors.

How would you screen high quality tenants based on what criterial; credit score?