Credit above (700) Fannie Mae easier on guide lines and finally Freddie Mac almost mirror image.FHA will allow higher debt to income ratios for DTI. 

This can provide stability and reduce the frequency of tenant turnover, offering a steady income stream over an extended period.Challenges:Tenant Dependency: The success of a NNN lease heavily relies on the financial stability of the tenant.

Ensure that the rental income is sufficient to cover these expenses and provide a positive cash flow.Future Equity Growth: Although you mentioned that pulling out equity in the next 3 years may not be feasible, consider the potential for equity growth in the long term.

.- Purchase price: 600k- Strategy: STR (5b4b 14 guests)- STR income: 132.6k (Aridna data) / 11.05k monthly- CoC: 17.5%Here is another example, just a random on-market deal where number works:https://www.redfin.com/AK/Anchorage/3640-Chiniak-Bay-Dr-9951...- Purchase price: 550k- Strategy: STR (5b2.5b 14 guests)- STR income: 124k / 10.3k monthly- CoC: 19.79%Alternatively, I discovered a few small multifamily properties with a mix of LTR+MTR+STR to help with occupancy optimization, and I can see that on-market 4-plexes like this one with a cost of around 600k will cashflow and gross a similar 110k-120k yearly.I see that population growth slowed down, and maintenance/utilities should be much higher due to harsh winters. 

My family and I vacation frequently around the Traverse City area and would love to have a place that we could use part of the year and also would provide some additional income. 

The property has an ARV of 650kShe has a first position loan for 84K and a second for 55kFamily income is 130kShe has been told by a couple of banks that because the rental has a second property on it (ADU - 1 bed 1 bath) and it’s a rental, that she can’t get it refinanced.

They retired at 63 and bought first property (commercial building with 7 student units on top.

Pay down debts to get a good debt/income ratio, build up cash for all the things you need to pay for out of pocket / up front, particularly if you are going to be taking on debt to acquire a property. 

(used to be 25% nets )  Again you can buy a duplex that will have about 12- 13k NET income on gross of about 20k, with an all in PP of 108k,,,, thats about 12% net based on a cash purchase.

I am wanting to learn more about the BRRR method, wholesaling, and building passive income through real estate investing.