It can be combined with their age, how long they have owned the home, equity and other property specific criteria.

In contrast, a few months ago, I bought two homes in SC for $140,000 combined. 

I appreciate all the answers and have been reviewing info throughout the forums, but are there any tools you use for analysis for your STR or are you mostly using a combination of tools. 

Zillow and Redfin currently estimate our home value around $369k.We also only have about $20k in cash that we'd be willing to part with (a lot invested in stocks), so not a huge upfront down payment, but we make $270k combined annually. 

We are using a combination of our savings and a HELOC drawn from our primary residence. 

They are on the same street and under one lump loan (which I need to look into refinancing) but the initial ARV appraisal came in at $194K for the 3 combined.

Currently, the market for truck yards is hot as can be where we are - there is a land shortage combined with an influx of trucking companies moving to the area.

Purchase price: $300,000 Cash invested: $7,865 I am using this as a house hack combined with taking advantage of my military housing allowance to pocket the majority.

Ideally at least half of total bill is due upon completion, but could be 1/3 depending on size and scope of job.Other options, which can be combined with the other two, are sticks and carrots.  

Combine all these and trust me you won’t find a better investment opportunity.