Be sure you contact the county first to verify if you are allowed to operate as a STR in the area you own.

@Brianna BuscemiIf I could do it all over again, I wish I would have purchased a 2-4 unit property instead of a town house as my first property.

If you’re a Realtor, first I would list this property under both "Residential" and "Residential Income" to optimize your listing’s visibility. 

Hey @Nancy Goff - Long island and/or Westchester & north may be a good first start. 

In which the builder contributes 2% in seller concessions that are used to buy the rate down by 2% for the first year, 1% for the second year, and then for for years 3-30 the loan has the actual locked-in rate.

You may have considerable vacancy time.

@Will MejiaFor taxes: the first step is to pay an accountant specializing in real estate to estimate your tax hit.

In a wholesale situation, the F.B.I. looks at all parties involved, does not care that you didn't know and can ruin your life for a long time to come.  

A Little About My Situation:I currently work in EMS in California and will be super commuting, working 10-day stretches in California while spending the rest of my time in Missouri.

I house hacked my way into my first rental property this past year and now manage the rental myself.