I'd consider renting for a period of time and identify a particular area you'd like to eventually buy.

Bob - I have five occupied padsplits under contract right now with Fernando Corona and have closed several with him this year.Normal DSCR brokers have issues getting this through underwriting - it's important to work with a broker / lender that fully understands how to get these to CTC.I'll PM you

For cash-on-cash evaluation of rental properties, it is critical to identify ALL of  your acquisition costs. 

Both told me the apartment floods so bad amongst other issues.

The issues can be local so look for someone in your area who is posting and try to contact.   

Any issues that you've experienced so far?

Shayan,Best option to avoid issues and stay risk free along with having a better approval chance would be to go with a Cash out refinance.

Hi @Mindy JensenI had the same issue as  @Deborah Burian.

But you have to ask proactively, and be mindful of how long you stay in forbearance to avoid long-term credit issues.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.

We are good friends but that's also not an issue for them because they are a dual veteran couple.