It might require a security exemption, however, which is something you should check with your attorney.If legal in your state, you can fractionalize your loans -- also called a multi-beneficiary loan.

Ask them to please open a claim with their insurance company and give you a contact for the adjuster.If they will not do this voluntarily go through your contract and reference any sections which require THEM to carry insurance.

Most importantly, providing substantial services is NOT a requirement for the STR loophole.

Hey there @David Tang - I actually didn't ever hear of a program that was offering a 12 month stipend...someone I know did it back when it was 6 months and now my understanding was a 3-month stipend with a potential renewal for 3 months.We have wanted to use the Chicago program ASERAP (happy to share their contact info), but fall in line with others regarding employment...the most important thing is income to pay after they move-in because if you get into a sticky situation down the road the upfront rent won't matter.Definitely following this thread to see if anyone has placed migrants and understand what they did for income requirements.

But generally speaking, investment properties require a minimum of 15-20% down and sometimes 25% for first time investors or tricky/unique scenarios.

Check with a local title company and ask if they'll insure title and if so what would the requirements be. 

Michael, something I want to add to your spot-on comments; I see a lot of inexperienced STR buyers, buying a property to be a STR either on their own (FSBO or through the listing agent), or through a buyer agent that has little to no experience with STR's and who doesn't have a a great STR network, strategy, has no ability to analyze a property's STR potential, doesn't know how to assess and recommend remodel or what it will cost or how long it will take and what's required by city/county, etc.

This number/data is always changing, but usually, A cold lead can require anywhere from 12-20 touches before they even consider working with you.

Navigating these from a distance can be more challenging.Market Risk: You might not be as immediately aware of changes in the market dynamics, and reacting to market shifts can be more challenging when you're not physically present.Travel Costs and Time: Visiting your property or dealing with issues may require more time and resources, especially if it's a considerable distance away.In summary, investing out-of-state offers the potential for diversification and higher returns, but it requires careful planning, reliance on local experts, and a willingness to adapt to different market dynamics.

I would highly recommend leaving electrical and plumbing work to professionals, and your area may even require work to be done by licensed professionals.