Getting a property solely for investing purpose (without living in it first) is completely new to me and seems costly at this time.So I am here to ask for some ideas on how I can start out with this.

The rental income ideally should cover your expenses, such as the mortgage, taxes, and maintenance, while also leaving you with positive cash flow.Refinance: After the property is stabilized and generating income, you refinance it with a traditional mortgage.

If you haven't personally been humbled by this business you should be more willing to listen to everyone's point of view, not only the cheerleaders. 

The owner is an older gentleman and has managed this property for years.

More buyers to the market, more sold homes and more higher priced comparble sales on appraisals going into 2025. 

This is a great place to learn and to connect with people so take advantage of all the great resources.

I have quite a few STR's that were decimated by flood/storm surge with Helene, and then Milton came to finish the job with wind.

If you are Sally, this is useful to you.

During this, we've made some friends with folks who, rather than allow us to rent their unit, would prefer that we manage their property for a fee.

Purchase price: $552,000 Cash invested: $30,000 purchased this home as primary home. lived in it for 1 1/2 years, rented it out and moved to a different primary home.