Originally posted by @Shawn R Gilronan:Personally I would not buy a house in Euclid, especially if you are long distance.

So monthly operating expenses, capital and M&R, insurance are all paid by tenant along with the morgage payment.

Interest rates on a cashout refinance are higher than a R/T to answer your question. 

@Greg R.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcasts: https://www.biggerpockets.com/...Wishing you the best!

Originally posted by @Ralph R.

http://themoneyhabit.org/start-here/ this is the blog she is retired at 28 years of age. and this is the article i mentioned about tax benefits and being retired - below  http://themoneyhabit.org/can-pay-zero-income-tax-r...best of luck in this amazing journey you are about to start. keep us updated. 

Each HOA have their own bylaws found in the CC&R's and typically the newer the neighborhood, the more strict the STR rules are.

Because my Lite Blue corner value is less than $50k, I’m stuck on the second R in BRRR...

I recently had a r/e agent tell me that their firm only transact with bank qualified buyers.