@Robert GonzalezMost any DSCR loan is going to be chalked full of docs where you agree to NOT occupy the property while under the terms of the loan you are signing docs for. 

If your goal is financial freedom, which is a long-term goal, not so much.Financial freedom is a long-term proposition, not a one-time event.

After 6 months of non-payment, we were able to perform an eviction for this tenant.

I agree with the other contributor that it’s better to own a $1M asset that appreciates 3% per year that pays no cash flow (over the long term) rather than a $100k asset that appreciates 3% and pays $300 a month in cash flow.

Prepayment penalties- usually 1-5 year terms.

Some investors also use a business line of credit backed by their cash flow, which can help with future deals.If you’re planning to scale, maybe start stacking that cash for the next property or even park some in T-bills for short-term returns.

@Charlotte WilsonAs long as you continue to occupy the property you purchase with an FHA loan and you're not applying for owner occupant financing on the other property, that shouldn't be a problem.

Because the interest rates were so low, I was able to keep the same mortgage payment cost we had before but for both houses with a shorter term! 

I guess had there been time I could have done it to assure it would be a deductible on SchE rather than a closing (basis) side of the house.Even if you performed the repairs, they probably would not have been deductible on Sch E anyway.

@Scott Trench - have you considered investing in short term rentals, materially participating, and having the average stay be less than 7 days?