Hello everyone,I'm in the process of securing a loan for a new (my first) rental property purchase.

What is the best financing option for someone just getting in to real estate to purchase their first property and what does that process look like for someone just establishing a business?

Like mentioned before, most investors are looking at creative financed options for deals right now in the area.Creative finance, putting a lot of cash down, or house hacking can all be viable solutions.

This could be an option but based on where you are you might be better of looking near a national park and rental arbitrage is going to be less feasible in those areas (but still possible). 

Doing it this way allows you to ease your way in and costs you less up front - down payment for an owner-occupied property is much lower than an investment property, you may qualify for down payment assistance and can even use funds as a gift from a family member if that's an option. 

Hey Thomas - I'd highly recommend speaking with your CPA and an Investment Sales broker about your options when it comes buying an STNL deal to utilize depreciation.

I would estimate that if a manager was to provide this service only, they would charge a bit more as they would not be receiving continual income over the life of the lease.Feel free to reach out if you want to discuss some options that I may provide. 

For less then 2 years income, HML or Private money may be the best option as the lenders look at the specific scenario.

However, converting these into desirable, owner-occupied homes could capture untapped market segments, particularly as economic conditions improve.Age Distribution and Market DemandDiverse Age Groups: The presence of young adults and an aging population suggests varied housing needs—from starter homes to downsizing options.

As someone dreaming of passive income, I’m looking for guidance on creative financing options for my first property.