We are intending to build a tool that can enhance the work of various professionals. 

I think you're a guarded and careful person, but residential rental real estate is a kind of dirty business.

With most of the investors buying in 2021/ 2022, doesn't seem like a consistent message. 

Hey @Tori Rhodes - As a builder myself here in Chicago that is a question I hear often.Before looking into your loan options, I'd look long and hard at the cost of land and construction in your Grand Rapids area. 

However, be mindful of the Section 461 business loss limitation, which could restrict your ability to deduct excess losses in a given year, depending on how your rentals are reported.This post does not create a CPA-Client relationship.

Yes, a HELOC or bank a line of credit is different than a lump-sum amortizing mortgage (DSCR or otherwise).

I think Indy is a great diversity of communities and properties, so anything you would like should be here. 

I have created a lot of loss in my taxes over the last few years and now want to get a mortgage for a new primary home.

If the current wood ones are ok leave them.

@Ricky Sanchez One of the requirements of doing a 1031 exchange is that the tax-payer for the relinquished property has to be the same for your replacement property.