You will won’t both of those at very minimum to maximize your exposure.Yes I always look at gross rent not including cleaning.10% down I think is a bit risky on a lifestyle asset as you sound like you want it to be for you and your family.

I think for pretty much everyone around here, ranching is about lifestyle.

Not only did she fail to disclose her true occupation, but I'm concerned about the type of personal lifestyle she might lead and what might occur in the confines my property.

I would also consider if you want to be active or if a passive investment is better for your lifestyle as notes are anything but passive.

I'd have to cut back on my travel budget for the month, pay off the car I bought my parents (50k loan in Sep 2022, 28k left to go, my dad and I pay it together), and ensure that lifestyle doesn't change as rapidly.

And as all are settled, keep healthy reserves(6 months mortgage & utilities + 1 capex repair) per property. 

Full disclosure: as a lender, I have a bias towards leverage in general (as well as a healthy understanding and respect for it). 

These have between 3 and 3.5% minimum down payments, but would obviously require a lifestyle change for the immediate time- there are hard money lenders that do not conform to traditional lending requirements.

My overall goal with real estate is to have a small portfolio of STRs and LTRs that I'd hold to sustain my lifestyle going forward.

You may only need 5 properties or 20 properties depending on your lifestyle.