Initially we thought we would flip, but now we're thinking of holding and using the equity for future investments.

The property is a full rehab, possibly more, and originally had restrictions from Freddie Mac requiring buyers to live in the home for at least a year, so I initially passed on it.

I think that the tax perks from having a rental make this more attractive than it might initially seem, but I have only done some quick internet searches, so I could very well be overestimating the upside and underestimating the downside??

(some money may still be available from the initial $10K investment.)

Also is there any restriction like time period (at least x months after initiate purchase)?

I initially tried to get a home equity loan on rental, but due to my DTI ratio I ended up with an offer for a DSCR loan at 9% for about $150k equity and over $17k in closing costs, which I turned down.

This creates a negative initial position.

Owner’s Draws and Tax Implications: Taking owner’s draws to recover your initial equity is possible, but this can have tax consequences.

Instead of waiting for others to reach out, take the initiative and actively seek out the top wholesalers and providers of off-market deals in your area.

Quote from @Albert Aitov: Hello everyone,I'm looking to start investing in real estate in DFW metroplex, but I'm having a hard time finding lenders that can finance my purchase price + renovation costs, I called to about 15 different banks (and all of them have different issues).Initially I was trying to find a lender that can finance 100% of the deal if it falls within 70% of projected ARV (I follow a few real estate investors that suggest to find such lenders, it is usually small local banks), but I couldn't find any lender like that in DFW.