Here's some copy & paste info to bring you up to speed:)---------------------------------------------------------------------------The Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.

If you allow uncontrolled STR you create homeless from the top down by causing rates to rise and be pushed down.6.  

Jonathan's concerns are very real. 

I am looking at a few opportunities in the Midwest and the numbers seems to work, my biggest concern is some of them were built in the early 1900s.

it is your property; they vetted the tenant (you said so yourself) i.e. background check and even so, that doesn't guarantee nothing bad is not going to happen, they werent the ones that caused the damage, and if they vetted the tenant as you say they did, they did their part.

Be prepared to go months without rent either because your tenent stops paying and/or you have to spend a few months and 10k to get the property back ready to rent due to the damage caused but the previous tenant (who you may or may not have had to spend the time and money to evict).

Some concerns here.

Morgan It's hard to answer that plainly, but the fact that one of your main concerns is DTI in the future - you should be calculating the either cash flow or total interest you'd be paying with each loan to determine if the risk/reward is there for you.

Remaining mortgage is 150k, so I'm not concerned, plus already got the green light from my lender.  

There were 72% more condo sellers than buyers in August, marking the fifth straight month that figure has topped 70%, according to a new Redfin analysis.https://www.newsnationnow.com/business/your-money/more-condo...That makes spring and summer 2025 the strongest condo buyers’ market in more than a decade — aside from April 2020, when the pandemic briefly froze home sales nationwide.There are nearly 110,000 more condo sellers than buyers: RedfinHigh prices, rising HOA fees and soaring insurance costs have cooled demandFlorida is at the center of the condo cooldownRising HOA fees and higher insurance costs have made ownership less affordable, while new regulations in states like Florida and California have added complexity, Redfin noted.Price growth has also stalled, causing more to question whether condos are a smart long-term investment.