STR success is understanding the nuances of the market, price drivers, and positioning in order to stay in demand.

However, events like Easter contribute to keeping April among the best months of the year.May - Positioned as a mid-season month, May historically faces challenges as students have exams, and parents are saving for summer vacations.

I had just received a 30k down payment from another owner financed deal and I wanted to get a “second home” and get some additional rental income.

@Yuqing Xiong all properties will cash flow positive if 100% owned.

I’m aiming for a mix of appreciation & positive cash-flow after some value add work is done to the property over the course of first year of ownership.

Also, its good to hear that the termite inspector doesn't sound too concerned, that is always a positive!

Assuming I could qualify financially (primary income plus FHA allowed rental income contribution from additional leased units), when I become the owner of the property, would that prevent me from using a FHA 203b to house hack a second property?

First place guy fell through, due to financing, in November and we took first position.

Buying real estate with financing allows leverage and provides a positive return on cash when the rent is higher than the expenses.What about the gains from the cash flow?

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.