I've selected Collin, Denton, and Grayson counties as my investment focus.My goals involve investing in small multifamily properties and long-term rentals.

I'd rather keep the sub-3% rate for now and finance other properties conventionally for the short term.

What are the next steps---BRRR seems like a good method for this- as theres potential for long term renters(near elementary and highschool)Step 1- look for a hard money loan(will they also cover construction?

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

While that kind of income is not a deterring factor, when I looked over the terms of service many big red flags came up.

That's my biggest concern.But I should also look at the tax and long term benefits.

After the HELOC, it would drop down to about $450 per month.My goal is long term equity and appreciation, and not cash flow.

While short-term rentals in areas like Kissimmee, Florida, can pay for themselves and offer lifestyle benefits, the ROI typically doesn’t match what I see from my traditional portfolio of long-term rentals in North Texas.That said, short-term rentals can still be a great choice, especially if you're drawn to the area and the opportunity to combine personal use with investment income.

Using a HELOC or home equity loan on your personal home could be a good option, especially if you can secure a low interest rate and manageable terms.

🫣Hopefully you will get a long-term tenant that will stay for years. :-)