Lenders typically prefer to offer loans when the property is cash-flowing; if the DSCR is under 1, it might still be possible to get a loan, but expect less favorable terms.Understanding these elements will help you better prepare for securing a DSCR loan, allowing you to leverage your rental properties effectively for further real estate investments. 

On the other hand, Option 2 with the BRRRR strategy entails owning a single property outright, building long-term equity, and potentially cashing out through renovations, but it's a slower ride, relying on successful renovations and favorable refinancing options, and you're starting with just one property, which may limit your income potential.

It's hard to find both, and the current market favors appreciation.

IMO, it is easier if the gap lender is private money because you can negotiate more favorable terms.

This supports investment in zip codes like 13206, where median incomes are lower and there is a significant increase in sales volumes for more affordably priced homes.Property Flipping RecommendationsBased on the analysis, here are the recommended zip codes for lucrative property flipping in Syracuse NY:13210: High Rental Demand Area (71.76% renter occupied)High rental demand, especially for larger units, and substantial search interest in the area suggest strong market dynamics favorable for flipping houses.Multi-bedroom homes, especially those with 4 or more bedrooms, as these have seen substantial appreciation.

This will decrease your Debt-To-Income Ratio to be more favorable with banks for loans and will improve your credit score as you mentioned. 

In the meantime, they keep running through the BRRRR motions believing they are growing a real estate empire because the BRRRR method pencils best in these neighborhoods which lack the fundamentals that will equate to a true realization event. 

That's a method of borrowing money to borrow money, which is how people over-leverage and get themselves into trouble.You were fortunate enough to jump into the market when everything worked in your favor.

Verify the interest rates and terms of the existing loans, as favorable rates can be beneficial, while higher rates might prompt you to consider refinancing later.Assess the condition of the properties thoroughly, especially since the owner is "done with them," which might indicate deferred maintenance.

You need a deep bench and the ability to ask for a favor every so often.