And while you get upset, sometimes you have no choice but to close with bad terms, or forfeit your EMD.

If I have to buy a last-minute ticket or spend $1,000 or so for notarized signatures at a consulate, then it has a significant effect on my choices.

Your choice should align with whether your goal is quick resale or long-term rental income, and you should consult lenders who specialize in both DSCR and rehab-friendly options.Best regards, Stevan

If you dont have a great team to work with you can lose your shirt even if the house is next door to where you live... there are lots of great areas but only a limited number of great teams so our final choice has always been team driven... saying that we look for an area where there are lots of opportunities  and rental houses available in good areas using the 2 % rule  we found this in Detroit and Toledo  more then willing to share what we do and what we have learnt over the years

You might also look into learning about BRRRR (Buy, Rehab, Rent, Refinance, Repeat), a popular method for scaling a portfolio.Network Locally: Engaging with local investors and attending meetups in markets like Dallas or Fort Worth can provide insights and connections that are invaluable.You'll find that momentum grows quickly.

Test him and ask if he can give you 2-3 choices from his portfolio.If he gives you a line that this is his "best" one, or that the others are spoken for already - WALK AWAY!

A small multifamily property is a smart choice for a first investment—it offers a great balance of income potential and manageable scale for someone new to the space.Don’t worry about being ambitious; it’s clear you’ve done your homework, and you’re already ahead of the game by setting a clear goal.

I think you have no choice but to convert to cash yourself.....no one is going to take the risk/hassle of converting afterward.

The data points to most markets have have a boom in housing supply (apartments, and SFH) giving the consumer choices to rent.

If you're eligible, a VA loan is your best choice since it requires $0 down, no PMI, and allows multi-family properties.