Instead of borrowing money from the bank, you are borrowing the mortgage of the person who sells you their property.

At least here in Colorado, we have a few examples of cities -- Colorado Springs and Littleton, just outside of Denver -- that had active laws permitting non-owner-occupied STRs and then changed course and prohibited them, but in both cases, those cities grandfathered in existing permitted Airbnbs. 

If one unit is vacant there is at least one other unit to help support the mortgage and bills until I can get it rented again.

I was also going to mention it gets more difficult to get mortgages after 4.

I haven't seen this lately but be careful and read the terms - there are often terms in the mortgage that preclude using the second home as an income property or limit the number of days you can be paid rent on it.

I have a mortgaged, single family property in Austin, TX under an LLC that is owned and managed 50/50 by myself an another partner.

As an investor focused mortgage agent i'd like to provide some insight that may help you decide which market to invest in.

As someone who has closed DSCR mortgages in all these cities, I'd recommend them all, but stay clear of St.

In order to past this SS test, your appraised market gross rental income at 75% has to be more/equal to your monthly mortgage payment (PITIA).

Your spouse can also have 10 conventional mortgages as well.