Quote from @Christian Chamboneth: Hi my name is Christian I'm a  new investor looking to invest in the North Carolina area.

Yea I always advise people open helocs on their homes before they move, otherwise it's traditional cashouts. 

Specifically, we’ll compare DSCR refinance loans to traditional options, namely bank or conventional loans.

@Christian Licata, first, congratulations on the mindset you have in wanting to invest in real estate!  

Maxing out your 401(k) and contributing to a Traditional IRA(if under thresholds) or HSA can also lower your taxable income.

If it works as a traditional rental, everything else is gravy on top.

I financed this deal using cash, which allowed me to move quickly and secure the property without the delays that can come with traditional financing.

Loans typically get paid back on a refinance or buy out period but if the property fails to gain enough equity within that period of time it can be a lost deal and painful.I would advise you to look into traditional or Non/QM financing where you use your credit score or income to buy the home.

@Ted Akers  how do you secure the deals that you fund that take 30 to 90 days to pay off.do you then do a traditional HML  ?

I may also do a couple traditional DST's to keep some funds available for sheltered reinvestment just in case.