They'll also be experienced in the vetting process which can be a huge help down the line.Once you have the tenants covered then you can refinance into a DSCR loan.

So could you take out the $50 you need in a term loan and also open a LOC large enough to cover any issues that arise?

Right now the market isn’t that great but I could see us looking to purchase a multifamily duplex however, in the current market, I’m finding it difficult to be able to have one tenant cover the cost for that property to break even.

If you're worried about cash flow, put enough money down so that a current estimated rental price after the home is renovated will cover the mortgage and property manager costs.

Stainless only.Various Prices - Neween 100% Waterproof Sofa Cover - https://www.walmart.com/ip/NEWEEN-100-Waterproof-Sofa-Cover-...If you are thinking about allowing pets, these are a must buy.

I wouldn't consider a SFR to be a mistake if the rent can cover the expenses.

They find housing on own that can be covered by insurance if home uninhabitable and it is due to covered loss. 

Check out the BP's Real Estate Events & Happenings area as there's an event this week which will be covering the topic in Tampa, for Tampa region.

With $19K invested and a $71K purchase price, your cash-on-cash return should be strong if the rental income covers expenses and leaves room for profit.

For further learning, here are some solid bookkeeping books that can enhance your knowledge:"The Book on Managing Rental Properties" by Brandon Turner – This book covers not just the property management aspect but also has sections on bookkeeping and managing finances."