PLEASE HELP! SHORT-TERM RENTAL CONDO IN HAWAII???
I've been looking for my first investment property(s): I'd like to keep my cash outlay to $50-75,000... I have a pre-approval for a Lo-Doc, non-owner occupied loan up to $500,000, 25% down, 6.25 interest, 30 years -- and my loan stipulates whatever property(s) I choose, the 30 day market rents have to cover the total payment (including any HOA).
I live in Los Angeles (and have a real estate license). I've been looking online all over.. but mainly close by in CA, NV, AZ (and Hawaii for short-term rentals). I work, so I can't spend a lot of time traveling to other states but am open to finding trusted partners. I've mainly been thinking cash flow... but am open there as well. Your thoughts on how to best maximize my $75,000 and get my Real Estate portfolio started?? Go for Multiplex? SFRs? Fix-n-flip? Turnkey? Notes? Combo of these? Thanks!