I purchased my first STR, and in the process of getting it up and ready for renting.

I am getting ready to purchase my first rental property in Oklahoma City, OK and I’m looking at an home that is priced under $80,000.I plan to put 25% down to get the best rate.I’m from California and haven’t run into this before... but it seems like there are lending minimums and a conventional loan of $60,000 isn’t something I’m finding easily.I could likely get a hard money loan or get a HELOC on my primary residence and purchase the home with cash... but I don’t like these options because the interest rates are higher than a Conventional loan.Besides hard money or a HELOC, are there any suggestions on how to get this smaller loan at a reasonable rate?

When they're done with your taxes you should meet with them to go over your return, ask any tax questions, discuss any advice they have based on the return they just prepared and share your plans for the next year so they can give you advice on them from a tax perspective. 

I would start the process of moving.

So, if the other properties are smaller, or in poorer condition, etc that will be reflected in and adjusted for as part of the appraisal process.

@Bruce WoodruffThe new rules will force more conversations about compensation and a longer interview process with agents having to show value.

I plan to be raising the rents on them because they are currently paying about 40% under fair market rent.

It's worth spending a couple thousand dollars to get the facts about what you can and cannot do and to be guided through the process correctly the first time by an attorney specializing in these complex, ever-changing laws.

how long could it take for them to process?

Purchase price: $925,000 After lending support and insight on business planning and development for decades, I am in pursuit of my first acquisition.