As a first timer, I would be cautious of houses or units with a large number of renters within one shared unit. 

Anyway, I spend a lot of time in the STR forum and I didn't take either of you to be pissing on the post, especially since Jay, John and Michael are all major contributors to this forum and are pretty level headed overall.  

really depends on the state.. for instance OHIO is one of the safest the judge wont confirm the sale unless everything except irs is taken care of.. you just need to know if its a first or second.NV is another pretty easy one at least Vegas. where the sales are handle downtown there is a title company right there and they run title on everything that is going and offer a hand out to any bidders just ask for it..

@Michael BelzOur very first property was weekly renters.

The first estimator, who climbed on the roof, said there were 70+ tiles broken.  

The first question is of course, can you get a loan with less than 20% down - but I'll assume you can given that you're exploring both options.I recently read Real Estate by the Numbers by J Scott & Dave Meyer (shameless plug it's available through the BP bookstore here) and in chapter 36 they discuss exactly this - that in some cases using more leverage can actually boost your returns and you should run the numbers both ways to see what makes sense for you.

A 3-year or longer term gives buyers more time to improve finances, but requires the seller to wait longer.

Douglas fir which those trees are.. need to grow in groups and not log all around them and leave a few standing.. they will blow down over time. 

AH ok, for some reason the picture didn't populate before I first commented. 

And should I follow the 1% rule to see if homes are even worth it( only because house prices are very high)Hey Nicholas, I would say the 1% is great, but at the same time, you also want to find a decent deal in a good area.