I really don't have the $23k down payment I'd need for a DSCR, and Texas wont let me HELOC the equity out of my other rentals. 

Despite the program's claims of providing exceptional training and support, my experience with Kristin has been far from satisfactory.First and foremost, I find it necessary to address the issue of non-payment.

My experience with friends/some clients is get their numbers via whatever method you can and reach out via the phone.

I am of the opinion that you'd be better served using that money toward the down payment on a property.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

However, with a SFH you will lower your standards when vacancy arises more than one month as you have no income coming in to male that payment.  

It's not that Stu has tried and failed with this asset class, but he is pointing out that you have very preliminary understanding of investment principles and should look to expand your knowledge before being accountable for OPM. the fact that you're confusing mortgage payments with T&I impound is indicative.

Based on the CU's loan calculator, we can finance that over 60 months for a $320 payment. 

This way the payment never fluctuates.2.

. - This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.