There are a few steps involved but believe me the state is in need of all the affordable housing it can get.

Can they afford the initial build-out to transform your space to a restaurant that will pass health inspections and have enough funds left for the start up, food cost,  and marketing?

You can invest outside of your market in a more affordable area, or you can continue to save.  

Invest for cash flow and you'll be able to afford to vacation wherever you want.

We wanted extra income, plus we invested $20,000 for necessary repairs and we could not afford to sell the property until we made that money back.

That condo got me another rental property for what I could afford at the time.  

Now I’m waiting to hear back to see my numbers, what I can afford, that sorta stuff. 

Cash flow tends to be higher in rougher, more affordable areas.

One of my concerns is finding a competent and affordable PM to turn over the property each time a guest leaves.

. - Credit score of 580 or above. (640+ will be easier)-Established credit history (I think 2 lines of credit is the minimum i.e. a credit card and car loan)-Verifiable Income -Be able to afford the housing payment AND any existing debt.