I have been contemplating selling my home and buying property in Tennessee where I plan to move in the next 5 years.

I plan on buying a SFR in Dallas Fort Worth area for about 220K.

But everytime i come back to the area I want to buy a house to rent out as an airbnb.

Quote from @Reshmi Naheed: Any suggestions on which city and state is good to buy a LTR property in 2024? 

Purchase price: $605,000 Cash invested: $242,000 Sale price: $1,012,000 We converted the garage into the kitchen and took the roof off the garage and added a master suite.

I am 19 years old and I’m about to buy my first rental.

We want to buy it, put it back to liveable, and sell to ppl who will be good neighbors.

@Mike Auerbach, or simply buy the replacement property BEFORE selling your existing property.

Yes, this exists and credit/liquidity requirements are not onerous.Many satisfied customers over the years and now open in select metro areas in 10 states: TX, NM, AR, MO, IN, OH, NC, GA, TN, ALWe are happy to assist with questions or inquiries.Implicit in this response is the assumption that the deal is so, SO good, that you can buy it SO LOW, that with 100% financing at acquisition AND rehab, you still come in at 75% to the ARV. 

Investment Info:Single-family residence buy & hold investment.