To replace your income you need to flip a lot of houses, I'd do the math with an average 10-15% profit margin, because you have to account for some turds.The other opportunity is to change your job and take out the element that you hate.

This means a new buyer must either already have an account, or must start one and the property starts over with no reviews, etc. 

I would just take into account that a lower down payment will mean a higher monthly payment so be sure to run the numbers conservatively in order to ensure your STR revenue is able to carry your monthly payment with this higher mortgage cost. 

Would you take an escrow account with a deposit?

This fosters a top-down management approach that ensures accountability and efficiency throughout the property.As I've earned from my own experiences, the difference between a good operator and a poor one lies in effective asset management.

Yeah exactly, I use funded accounts so Im not risking my own money on my day trading income and have one of the best traders in the industry that is mentoring me who has made millions and millions but yeah that is a primary factor why I want to get into real-estate is the more long-term aspect and the slightly more passive side to the income ( obviously not negating work but when compared to a job income ) Thanks for your insight and the warning on day trading is 100% valid and most people lose money especially people trading with their own money.

Quote from @Kaaren Hall: @Jonathan Chan our account holders invest as lenders as well. 

I’d recommend building relationships with agents and accountants familiar with these markets too—state-specific tax strategies could make a big difference in your bottom line.I’m excited to see how this plays out for you!

Hi, Jaycee The deal makes sense for me after accounting for all expenses including vacancy, cap ex, and repairs.

Ultimately, consulting with a real estate focused accountant is the move here, but this should be a helpful primer.