The median sale price was $370,000, basically unchanged from last year.

There are many reasons owners are selling STRs right now, but one of the primary ones is that many buyers were originally presented with revenue projections that have since changed significantly due to market conditions.

It won’t take as long as you think. if you can wholesale a few properties you can get enough to support you in a small project while learning the ins and outs.

Jersey City has more defined laws, basically you can STR if you owner occupy a unit. 

There are plenty of experienced investors here who are happy to talk things through.If you want, feel free to DM me with the basics of your situation.

While I think your question is a good one...and interesting...the person/lender that decides to back a deal like that is basically going to be making up the rules for themselves.

It sounds like you may have started with a couple tools on your belt and as time has progressed you have increased the amount of tools and projects you feel comfortable with. 

My wife manages construction/rehab projects and is an agent.

Do you have recommendations on how to find lenders who are willing to work with first-time investors on rehab projects?

A 3 year lease would mean you need to close on the sale of the home basically on the day the lease ends to retain the primary residence tax exemption.