How much would a makeready cost you as opposed to the money lost from renting it under market?

  - My preference would be to go for STRs but not opposed to LTR if I can find the right property manager.

Should I buy the townhome under a business as opposed to my personal name?

I keep mine in an LLC as well and have found it unlikely to get 30 year financing, however I've had the best luck with credit unions, they apparently operate on a slightly different set of rules as opposed to Banks.

If you're considering a property, enter the address into Airdna along with beds, baths, # guests, and it will give you a decent idea of expected income.If you're concerned about privacy, you may consider a small multifamily property or a property with an ADU (mother-in-law suite, carriage house, etc) as opposed to renting out the basement.You'll want to work with an agent familiar with these things, and he or she can walk you through it.Good luck!

I tend to prefer the stability of a fixed rate and payment to be able to plan for future with definitive numbers, as opposed to being at the mercy of the market on what my rate and payments will be down the road.

I am not opposed to moving out of my current house and renting the unit I currently occupy.

@Josh Myrick So you think that I should go with a HELOC as opposed to just waiting about 6 months to buy my next property? 

Also, don't be opposed to flying out and checking on properties at the end of a lease.

You’ll always have the two opposing crowds on BP who argue which is better between high vs low cap.