However, if you do evaluate a property as an STR, run the numbers as if it were a MTR.

In highly touristy areas like lakes or vacation spots, an STR typically generates higher income from short stays but may not attract long-term tenants due to seasonal demand.However, if the property is in a more versatile location, such as near schools, businesses, or urban centers, it may work as an LTR, providing steady income and fewer management demands. 

This loan will qualify the property itself, without the need of all your personal documents (as mentioned above).

The person I sold it to made $40k weeks later doing nothing to the property but listing it on the MLS.All because he had more leverage.He knew I was in a tight situation financially and took advantage of me.He turned me into a motivated seller.

For R&M it'll depend on the type of property, but I think 5-7% is probably a decent number.

Any good property management companies that are full serviced that the forum suggests?

For the past 13 years I've been investing in and acquiring single family properties through Tax Liens and Tax Deeds.

The person I sold it to made $40k weeks later doing nothing to the property but listing it on the MLS.All because he had more leverage.He knew I was in a tight situation financially and took advantage of me.He turned me into a motivated seller.

I know for a lot of investors it is common to want to hold onto a door for a couple of years then 1031 to a more expensive property to grow their portfolio.Me being someone that has a lot of available cash but currently 0 properties.

I am trying to cash out refi a property and have narrowed my lenders down to 2.