I'm looking to start off in areas with lower costs coming in, preferably under $100k single families but definitely under $200k. 

Without new companies creating similar-paying replacement jobs, workers may have to settle for lower-paying service sector positions.

DSCR right now is going to have better rates and lower cost right now.  

Apparently this is an issue that other investors have faced as well, because it requires a bank manager to do a minor workaround with a field entry in the system in order to make it work. 

Lenders will finance up to 80% of the appraised value, so if the value does come in lower, that will result in a lower loan amount. 

Additionally, don’t overlook the opportunity cost of pulling money from your 401k—those funds could have been compounding in the market.I’d also suggest stress testing your ROI by running scenarios with higher expenses or lower rents to see how resilient the investment is.

Markets there are growing rapidly while still offering competitive entry points for solid passive income opportunities.Hope this helps, and best of luck with your investing journey!

Net effect, typically, means distributions are not taxed in current year, but do lower your basis resulting in larger tax bill upon sale.Depreciation reflected in the net gain/loss from rental box on K-1.  

Either1) your startup takes off and you can distribute profit fast enough to pay off your debts, or2) you find another source of $100,000 a year (which barely even starts to pay down the $300k, but might provide a better chance for a better loan), or3) you BK and possibly lose the rental houses to creditors (hopefully not, but we don’t know how they are held), or 4) you sell the houses, take the tax hit, work with the IRS on a payment plan whose interest will be much lower than your CCs, and focus on the startup.  

FHA rates are actually lower than conventional right now even though there is a monthly mortgage insurance it’s not much in most cases.