***********************************************************************Maybe some of those laid off government employees in D.C. can find cheap housing.

You could also explore HELOANs instead of HELOCs or consider a second mortgage option if refinancing isn’t ideal.If you need lender recommendations or help finding the best option, DM me and I’ll point you in the right direction!

To make the acquisition feasible, I utilized an FHA loan, capitalizing on the historically low 2.875% interest rates and the attractive 3% down payment option.

Additionally, they should have access to on-market, off-market, and pocket listing investment deals just for you!

Additionally it would be nice to write off a car and whatnot which I can't do with my first Airbnb as easily. but addressing the root of what you're saying, I 100% agree with you.

However, any of our "rules" can be relaxed, at our option, with compensating factors, such as low LTV, large down payment, high borrower liquidity and net worth, additional collateral, profit participation, prior experience with borrower, etc. 

He's also in Texas and can give you great guidance on how to kick off your career as an MLO.

Condo can also be a good option if only have $10k just make sure it does not have a rental cap, I have sold a few condos to investors who move out after 12 months, rent it out and then buy another.

In that case you need to understand your refi options on the BRRRR before you purchase.

Also, as this co-living thing is generally new and catching on in some cities, I would hate to have this whole strategy ruined by a new restriction set by the city for co-living or the crazy rise in mortgage cost from property taxes and be forced to revert back to the traditional route.So my question is for those that are already doing the co-living strategy; are you all buying the home purely off of the co-living cash flow, or are you all considering the cash flow from renting the home with just one tenant as well?