By this time next year, we aim to have invested in our first rental property and improved our credit, setting a strong foundation for a successful and fulfilling future.I am open to any knowledge or advice anyone has to give as I am currently learning about real estate investing. 

One thing I would highly recommend that I wish I knew was ask if the seller would be willing to give a credit for a sewer scope, and get a feel for how much they will give. 

What credit score do you anticipate tenants having?

I have a US credit score, US bank accounts and some US-based income, but my paychecks are not.

Anticipation of these cuts initially moved mortgage rates downwards to their lowest in nearly 20 months.

See when materials get delivered, etc.This last one is debatable but It works for me.Not utilizing rewards or cash back credit cards during renovation projects to maximize ROI.

With middle 700 credit scores you can push your rate into the mid 6s today.

I have a priority credit line on my brokerage account that is now > 1% lower interest rate than my mortgage.

And, Alabama has the second lowest propertey taxes in the nation behind Hawaii.

Also having a higher proportion of revenue generated through the residential component of the building does make financing easier. (3) The exception to the 80% rule I abide by is when the commercial space is leased to a credit tenant with a proven & sustainable business  or where the space presents the opportunity to attract a neighborhood amenity F&B operator (this is most beneficial in instances where you have a larger localized portfolio where these commercial tenants can positively impact the value of your overall residential portfolio).