I also think getting the divorce settled and possibly renting for a year would help you figure out exactly what you want to do (your preferred real estate strategy) and might help you save some extra money for that first purchase.

BUT, once we applied for the card, we were rejected immediately because our debt is so large compared to our income because DUH, we are real estate investors.I figured a lot of other investors might have run up against this issue and I was wondering if anyone figured out how to work around it.

I figure it might take two guys and two days.

Outside of this, it’s been difficult to even figure out where to find reliable contractors in my area.

Lots of retirees just want to make whatever 6 figures off of the property each year to live on and then pass on property to heirs in the estate.

I personally dont care for SBA loans as the terms and  such are something i would not sign up for myself.Just stroke a check and then figure out it dont lose it because you cant get financing day one. ???

I'm sure you've probably figured it out by now!

Apologies for all the questions but figured it'd be more efficient all in one post.

The appraiser will do a 1007 to determine the market rent and the lender will use that figure to calculate the Debt Service Coverage Ratio.

I enjoy looking for deals and figuring out how to rehab the properties etc, but I hate the accounting side.