While navigating these alternatives, you can gain STR market experience, build equity, and potentially generate income to improve your credit score over time.

A lot of realtors will list properties and give you a proposal of what the property could potentially do in rental income.

Here are a few common paths to getting started:Personal Savings: Some investors start by saving money from their jobs or other sources of income.

I am lucky that my wife and I do well, with an average income of $500-600k.

Increase income, reduce expenses, save, and invest.

Sales price: $900,000Seller finance: $400,000 / 2 year ballon / 7% interest rate / interest only monthly payment: $2,333 / no pre-payment feeEstimated monthly income: $9,300 / Annual: $111,600Electric separated - water $450 per monthProperty taxes: $16,700 (with property value assessed)Property Insurance: $6,300Renovation Repairs $150,000I anticipate the Re-fi appraisal to come in at a conservative $1,150,000. 

Hi,I have 3 homes and need to find a template/form where I can put in all the original purchase information - or the most current refinancing information and all the current rental income and expenses.

Your taxable gain (based on income) would be $68,500 at averaged (13%) = $8,905I'm not a CPA, but this is a rough understanding of your position - hoping someone destroys this breakdown. 

No personal income docs or taxes needed.

What are you going to do if you lose your primary income for some reason and the property is losing money every month plus you have a large capital expense come up?