Thank you so much for taking the time to respond.Here’s where I’m at in my journey:I don’t plan to rush into purchasing my first property.

The primary thing you're going to run into is whether or not a lender, at purchase of the property, will allow there to be a secondary lien on the property.

Last year, I purchased a SFH under market at 7.65% interest rate and did some rehab to up the value.

Our plan is to purchase again with a better mindset of turning that into a profitable rental.We have diligently completed all the necessary steps and are on the verge of signing a management agreement with a property manager.However, we are experiencing some doubts.  1.

Was that purchase money, rate and term refi, or cash out refi?

I recently had a client purchase a duplex in Forest Park here in the western suburbs with this exact plan in mind.

The first purchases are likely going to be California, Montana, and Texas.

Your 'cost' should include everything, from land purchase, soft costs, holding costs, and hard costs.

In 2016, we returned to KC and purchased our primary home in Liberty using a Doctor’s loan.In 2020, we developed a strong interest in real estate investing.

I am assuming that even if you strucutred it with a higher purchase price (85% of value) and pre-paid rent it would potentially still be frowned upon.