The numbers fit my criteria when I run this as a triplex on 3 annual leases - this is what I intend to do with the unit once I move on from living there in a few years.  

Some I spoke to within 20 seconds I could tell they weren't a right fit. 

Ideally, you'd like to pay only for the months that you hold ownership of the home, but I've never heard of paying either on a month to month basis - only for an entire year.

You want to find a place that not only supports you and your business but that you also fit in with the other brokers and can build good and lasting relationships.

@Mack Bailey first see if you can qualify for HomePossible with 5% down, FHA has also an upfront mortgage ins of 1.75% of the loan amount that gets rolled in though ideally is to get your 1st MF with FHA and second with Freddie since FHA doesn’t allow use of rental income on other properties you own within a 100 miles radius.

LOL  I definitely subscribe to the "if it ain't broke" philosophy with cabin furnishings, but the decor isn't such a big bite of capex - I try to find something that still fits the rustic/cabin vibe without being too kitschy.  

@Miguel Ochoa Borrow somewhere between the most you can get, and the least you can get by with.Where  you fit in that range depends on your overall financial situation and your risk tolerance. 

Purchase price: $155,500 Cash invested: $155,500 We landed this property at auction for $29,000 over the starting bid and paid for it with our own capital.It's an old house in need of a complete renovation but is in an ideal location.

If the broker knows of any other properties that may fit your criteria, you'd love to know about them.Then you start checking out other potential deals and wait.

To find the best fit, can you share more about the property and services you are seeking?