If it's mostly fully occupied you can get a full-doc commercial loan as long as it debt covers.

Its not widely covered but Wright in the 2nd half of his life was completely consummed with the challenge of providing low-cost and beautifully designed homes to the countries working class.

One is a DSCR loan that covers 5 properties (also a 30-year fixed...at 3.75%!).

Build an emergency fund to cover unexpected costs, and ensure you can manage the mortgage without STR income if needed.

I’d have a better picture by sitting down with someone at a bank, but I did a calculation online and the new loan on cashing out $130k would still be covered by the current rental payment.

Otherwise, you won't have the extra funds necessary to cover the rising costs of goods and services in the future.What causes rents (and prices) to increase?

You asked about buying older properties and the biggest issues I have found is that roofs need to be replaced, HVAC needs servicing/replaced, and sometimes there are foundational issues (not super common). 

I live in Georgia and the hurricane destroyed the roof.

There are definitely some pockets of fairly priced duplexes to at least cover some of the mortgage, but tough to actually come out in the green monthly if you’re living in the other unit.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.