im definitely open to connecting

Congrats on building that :) As far as the ability to purchase it as a primary with 5% down, yes you definitely can.

Would definitely recommend attending REI meetups in your area.

In this market, I would definitely list with an agent and not do FSBO. 

As of my last update in April 2023, the definition of an accredited investor includes, but is not limited to, the following:Income: Individuals who have had an income of more than $200,000 (or $300,000 together with a spouse) for the past two years and expect the same for the current year.Net Worth: Individuals with a net worth exceeding $1 million, either alone or together with a spouse, excluding the value of the person's primary residence.Insiders: Directors, executive officers, and general partners of the company selling the securities.Professional Experience: Certain professional certifications, designations, or credentials or other credentials issued by an accredited educational institution may allow an individual to be considered accredited.Knowledgeable Employees: In the case of private funds, "knowledgeable employees" of the fund are also considered accredited investors.Institutions: Banks, partnerships, corporations, nonprofits, and trusts with assets exceeding $5 million.By imposing these criteria, Regulation D is meant to ensure that all participants in such an offering are capable of fending for themselves or sustaining the risk of loss, thus requiring less regulatory protection.Under Rule 506(c), it is not enough for an investor to simply claim accredited status.

Definitely check into the terms and restrictions of the specialty loan.

@Caroline Gerardo  @Thomas LebensCaroline - From the info you are providing, it just sounds like I just have a broader list of DSCR wholesalers at my disposal that offer better terms than those you are using.Thomas - The bottom line is that you can definitely use a DSCR loan to meet your needs and achieve your investing goals.Have a GREAT weekend!!

I really appreciate the insight and guidance, especially about attending meetups and connecting with successful investors in my area.I’ll definitely take your advice to heart and start looking for meetups.

Definitely more last minute this year than last.  

Thank you so much and I will definitely research and reach out to you for more of your experiences investing in Birmingham.