That means you need to know what kind of financing you can get and what the terms will be. many investors hear about homeowner terms and thin they can get that because they have good credit. 

@Sean Monahan You can still inspect your properties as normal - you'll just give your standard notice and communicate that to Airbnb guests.Loftium requires long-term tenants to hold renters insurance, and Airbnb provides $1M of damage protection and a separate $1M primary liability insurance for every booking.Most repairs don't get in the way of Airbnb hosting - i.e. if the stove is out, that can be communicated to guests - and as long as repairs are made on a timely basis, there's no penalty.We sign a standard 1-year lease for the first year, and can sign a longer lease after that if both sides are happy with the process.Feel free to check out my profile and the Loftium company profile on BiggerPockets for our website with more info. 

The original owner loses his house and his credit is ruined, you lose your down payment and owe the lease to buy guy all his money.

They are biased WILDLY in favor of the tenant, and if you screw up, they can sue and be awarded triple damages.

My background into RE started when I began working as a commercial credit underwriter for a bank.

We have good, not great credit, and a decent amount of savings that we're hoping to continue to increase.

Depending on your credit, I think you can get below 5.5% on a mortgage.

Many investors who don't specialize in fire damage tend to stay away because it is more than just cosmetic and smoke damage can penetrate more than expected. 

I had an inspection contingency in there so that if anything was missing/damaged/undisclosed I had the ability to make it right, and if not I was in the clear.

Does anyone know of credit unions loaning to investors at 10% or 15% down in Indiana?