My in-laws loaned us the total purchase price minus $5,000 on a 3% interest rate.

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

You could bring less down and possibly have a lower interest rate since you will be living there.

This may kill your cash flow due to high interests rates though. 2.

It likely is out of date as to cost as this info is quite old (my guess is 5 years but it could be longer):- Rent Recovery Service: offers flat fee service starting at $20. 3 letters start at $30.

What they will offer you is an appliance package, or closing cost help, or a low fixed rate loan. 

high interest rates have hurt cash flow and long term rentals are still a great investment... they're just not going to throw off rental income in the first few years of ownership.

(ATTOM)These figures represent a significant decline in foreclosure rates from the peak levels recorded during the 2010 housing crisis.

Note if you go over 4 units, your valuation will be based on NOI and comp rate.  

Fannie/Freddie (Conventional) loans aren't just about rate and transfer taxes.