As I'm sure everyone knows, the housing market is pretty locked up right now.

I am an out of state Investor and I know a lot of you live and invest in St.

I'd love to own a small multi in NOLA, so if you find some good pockets and info, you'll have to let me know!

I would try not to tie up any of the principal in down payments.Personally, I had a family member do this same thing, but they used an investment portfolio as the collateral instead of real estate.If you play your cards right, this might be the only short-term money you ever need.Please let us know what you end up doing.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

I just don't see it going down significantly more than the current state... but again who knows.. it's Dubai like you said

I don't know how many people are going to show up but here's the link.

2) I know that you cannot depreciate land.

What does the realtor know? 

As a courtesy it might be a good idea to let that agent know regardless.