I currently live and work in Northern Michigan.

With my current MTR/STR setup, I'm averaging $2300-2400.

Otherwise, prices in downtown Athens currently range between 2,400 and 3,600 euros a square meter.

Obviously the location of a property doesn’t impact the down payment/financing but there is a property 2 doors down from the property my wife and I just purchased and started renting April 1.  We are killing it this m...

However, those who can weather the storm stand to benefit from potentially lower interest rates and growing demand for rental units.Despite the challenges, there are opportunities for buyers with sufficient resources to capitalize on the market's current conditions.

How much is your current rent or cost to rent a similar property you are looking for?

The building is partially occupied by the current owner who would be moving out with the remainder of the building leased to various mom/pop tenants so this would not be a turnkey deal.

.- 2022 and 2023 Federal Tax returns with all schedules included- business and personal (if filed separately)- January 2024-current Profit/Loss, Balance sheet, debt schedule (template attached here- or can use your own profit/ loss template)- 30 days most recent paystubs and ’22 ’23 W2s if you receive pay checks.- Most recent 2 months of bank statements outside of CBNA- Most recent retirement/ investment/ life insurance statement, if applicable.Is this an insane amount of paper? 

In my market, buyers are looking for about 12% or more in gross rental income relative to purchase price, so if you have a $500K property that's only doing $40K/yr under the current management, don't post rental history (though most buyers will ask for it, so be prepared to explain why it's performing the way it is).Also, network with agents who specialize in STRs. 

Make sure the current rent amount they list on their applications matches what is deducted from their bank account every month, and also ensure it's withdrawn from their account on the first of every month.