Just to clear a few things, I am not an OOS investor as I reside in Bonita Springs.I do agree that my range is probably a bit high there, thank you for your reference number.And yes, have full faith that my FIL will be able to meet all compliance standards.

STR you personally can enjoy the property too2.

Popcorn should always be tested before scraping.After pulling down the wallpaper in my daughter's room, I want to murder the person who invented it. 

According to the Culture Index, I'm a "Technical Expert" personality type.

To successfully invest in a property for steady income, establish your investment standards, research the market thoroughly, assess your financial preparedness, connect with local agents, property managers, lenders, and other investors, analyze properties carefully, consider various financing choices, do your homework before making an offer, and negotiate and finalize the deal.

Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendant, and any spouse of a lineal descendant).The following are examples of prohibited transactions with a traditional IRA:Borrowing money from it.Selling property to it.Receiving unreasonable compensation for managing it.Using it as security for a loan.Buying property for personal use (present or future) with IRA funds.

Personally, I would start by diving into recently sold (6months) properties within a mile that share similar characteristics to your home.

-Would still ask for a security deposit and our standard rental qualifications.

What’s more, doing a detailed market research, making a feasibility analysis, getting to know similar minded investors through networking are some of the ways that a person venturing into that field can avoid pitfalls.Good luck!

My wife and I were able to buy a SFH for our personal residence in 2022 and have since turned our focus on saving for our first investment property.