Quote from @Akshay Kumar: Hello everyone, I am a new investor and looking for advice on my first investment property.

Buy and hold used as short term rental property.

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

This is an investment property.

Hi, just wanted to introduce myself. I currently live in Butte, Mt but plan on moving to Phoenix, Az for 6 months out of the year. Just would like to start building relationships with people In the Phoenix area as well. 

nevermind. sorry

What kind of account or vehicle would you suggest to start saving down payment money for my first rental property?

Quote from @Casey Wilson: Hi there, I was wondering if any Detroit-metro experts from the PB community could offer advice on what areas in the Detroit-metro area might be worth exploring for rental properties (ranging from single family homes to 5+ unit apartment complexes).

There are a lot of options out there.Some of the most useful items BiggerPockets members have identified are features that save time so they can spend time working on their next property.

Property has been owned for about 3 years now.