As others mentioned, a DSCR is worth exploring here.

Option 3: Find a better investment at this time.Stop thinking of yourself as a real estate investor and start thinking of yourself as a well rounded investor.Pay off your mortgage: Your money is not working for you when you spend it on liabilities like a personal residence.Buy Rentals with little/no cash flow: You are speculating what a rental will be worth in 20-30 years.

It's just not worth it. 

It’s worth having a Plan B for unexpected shortfalls if you can, like setting aside reserves.From what I’ve seen, markets like San Diego, Chicago, or Austin also offer creative financing opportunities you can explore further.

That said you bid on the parcel described in the tax records.

I’ve heard mixed things about it, and I’m wondering if it’s worth considering as a young investor without a lot of capital to start with.

I’m seeking guidance on how best to approach this situation and would appreciate your thoughts on what you would do if you were in my shoes.Here are the details: My current home loan is $242,000, and the property is estimated to be worth approximately $420,000 (± $5,000).

A land trust provides privacy by keeping your name off public property records but doesn’t offer liability protection without an LLC.

It’s worth a look see, just do your homework up front before hiring the other professionals to make this happen.Good luck

As I'm getting started I thought it might be worth working with a RE coach to help map out goals and strategies.