Diversifying your portfolio can provide stability and growth potential, especially if you explore different types of properties or geographic locations.

It’s great to hear you’re exploring out-of-state investing, especially given the high entry points in San Diego.

To learn more about which one may be best for you, feel free to send me a private message.Old Town North: An Unused Eye Soar Transforming into a 2.5 Million Square Foot Community CenterThe GenOn coal power plant, which opened in 1949 and was shut down in 2012 due to concerns by residents about local pollution, has occupied an unused 20-acre lot in Old Town North for the last 12 years.

As others mentioned, a DSCR is worth exploring here.

As long as the property generates enough cash flow, you may qualify based on the asset alone.Another route is to explore portfolio loans from local banks or credit unions.

If you anticipate selling the property soon, it’s worth negotiating or shopping around for a lender with flexibility in prepayment penalties.Feel free to reach out if you'd like to explore tailored DSCR options that suit your goals.

If you discover one that sounds potentially relevant, and you have not explored it - see if you can still get hold of your accountant before 12/31 and ask them.

Given the competitiveness in Scottsdale, exploring duplexes or triplexes might be a more feasible alternative to larger multi-family units.

It’s worth having a Plan B for unexpected shortfalls if you can, like setting aside reserves.From what I’ve seen, markets like San Diego, Chicago, or Austin also offer creative financing opportunities you can explore further.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.