. =$35000 for debt service and return on downpayment.

The lady that I spoke with said that they provide that information in printed form because of outstanding debts that the deceased might have.

For your "BRRRR in Bulk" approach, you might want to explore lenders that specialize in portfolio or DSCR (Debt Service Coverage Ratio) loans, as they are often more flexible with complex financing structures like seller 2nd notes.

Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.

The property would also have to debt cover at 80%.

It provides in-depth insights, including valuation analysis, debt scheduling, profitability metrics, IRR, CoC, equity multiple, competitive analysis and it'll even build out your LOI automatically.

As others mentioned, look at what other debt you have and make sure the highest interest debt is paid off first.In a perfect world, you'd figure out where your money would make the biggest bang (ie the most money) and put it there whether that was a paying down a mortgage or investing in something else.

I don't want to put myself in debt this first go around!

What if you're a cardiologist with no debt and making $250,000 annually?

Eliminate debt, establish a budget, and save.