Thirdly, there is no win-win when you have to shell out $20,000.00 up front, only animosity which will develop in time after you realize that you have been duped and are kicking yourself in the *** for taking the "bait" - too late now.

The lenders I've been talking with don't know if its possible just because I've been doing self employed work for only a year now and they want two, I've thought about a DSCR loan but I don't want to commit mortgage fraud.

I hope they are truthful from the beginning instead bait and switch

The answer depends upon where the property is at (local regulations and political headwinds), interest rates, unemployment-employment, household debt levels and consumer confidence, cost of getting there (airfare, gasoline prices, etc), cost of running the STR etc.

In the commercial & private money world its all fair game and case by case.Use of credit cards to purchase properties to acquire/capture equity, create, cashflow, provide additional tax shield/benefits against your income, and improve your real estate investing venture is definitely one way to go about it but it should not be the sole method since there are risks like many have mentioned above.If you're using business cards (linked to your FEIN - federal employer identification number) and it doesnt report to your personal credit then it might be more prudent credit wise because your Fico scores won't tank when you max a business card out versus a personal credit card (drop of 80-100 fico pts temporarily till you payoff).So with prudent timing (funds seasoning), knowledge of how to maintain your ficos so you still qualify for your cheaper conventional money, and how to use the cards to purchase can definitely expedite your REI journey.Most people I encounter would not have the know how to do it correctly as I see plummeting fico scores, in ability to qualify, and many other issues with using cards to invest on a weekly basis.Best of luck,

I would also start considering what a move may look like and initiate interviews with possible employers in the new area.

DSCR is a great tool to use when you are self-employed or you want to avoid using personal or business income to qualify.

If you have been self-employed for 2 years lenders will use 12 months of your deposits into both your personal and business accounts as qualifying income.

Instead, they typically employ a sales comparison approach to determine the property's worth, using the income to calculate the DSCR, which usually needs to exceed 1.0 for most lenders.Assuming you have a solid track record with the property and there's enough equity in the deal, leveraging the After Repair Value (ARV) on a sales comparison evaluation could enable you to refinance into a bridge loan until the necessary work is completed.Maybe a mortgage broker specializing in traditional loans could offer insights into construction-to-permanent loans

The cities here in Coachella Valley must employ some high-tech IT peeps because they troll for bad actors, find them with AI and other tools, and fine them $5,000.