My primary goal with this initial investment property is to reduce my expenses by moving to a more affordable area where my PITI is less than my current rent.

What initially drew me into DSCR was being able just to show the "W2", "income amount coming" and as long as the rent comps were in positively cash flowing everything was good, and not having to ping my credit. 

My brother found a 4 unit multifamily house that was listed way too high at $525k initially.

I got into it initially to eliminate having to integrate my bank with Quickbooks but rather have both of those pieces together in one place.

Quote from @Jon Martin: Pools generally don't raise property values but in general they do significantly increase STR revenue.I initially thought to myself "Wait.. that can't be right!

Here's a list of tasks where ChatGPT can be particularly beneficial:Initial Client Interactions: Use ChatGPT as the first point of contact on websites to answer basic client queries and gather preliminary information.Property Information: Automate responses to common questions about property listings, such as square footage, amenities, and nearby attractions.Appointment Scheduling: ChatGPT can help schedule property viewings or meetings based on the broker's availability.Market Updates: ChatGPT can be programmed to provide recent market statistics, price trends, or news to clients on demand.FAQs: Handle frequently asked questions about the property buying/selling process, brokerage fees, or other standard real estate queries.Document Explanation: Brief explanations of common real estate documents, terms, and jargons, ensuring clients have preliminary understanding before detailed discussions.Lead Qualification: By asking potential clients a series of questions, ChatGPT can help in initial lead qualification, filtering out those who aren't serious or ready to move forward.Feedback Collection: After a property tour or meeting, ChatGPT can gather feedback, which helps in improving services or adjusting property prices.Recommendations: Based on client preferences, ChatGPT can suggest properties from the broker's listings.Follow-ups: Automated reminders or check-ins with potential clients to maintain engagement.Education: Offer brief tutorials or explanations about real estate concepts, market trends, or investment advice.Localization: Provide information about neighborhoods, schools, and local amenities to clients interested in specific areas.Transaction Updates: Keep clients informed about the status of their property transaction, from initial offer to closing.Referrals: Encourage satisfied clients to refer friends and family by sending automated referral requests or reminders.Networking: Introduce and maintain relationships with other brokers, agents, or relevant professionals in an automated yet personable manner.Maintenance Reminders: For brokers also involved in property management, ChatGPT can remind tenants of maintenance schedules or gather feedback post-maintenance.Reviews & Testimonials: Automate the process of collecting reviews and testimonials from satisfied clients for promotional use.Mortgage & Financing Info: Provide preliminary information on mortgage rates, lending institutions, or financing options available.Training: New agents in the brokerage can use ChatGPT for training purposes, asking questions about company policies, sales techniques, or market nuances.Market Analysis Reports: While detailed analysis might require specialized tools, ChatGPT can give general market outlooks based on data provided to it.By leveraging ChatGPT in these areas, brokers can increase efficiency, enhance client engagement, and free up time to focus on relationship-building and closing deals.

What I have done instead is pay cash initially.

I could bundle multiple loans in a refinance situation down the road but not the initial deal to save on fees. 

Initially we were set on purchasing a Primary Residence again, single family or townhome within reach of my sons school and continuing life as usual, but feel like we are slightly priced out of the market we want and areas we need to live. 

You should check on the state's laws where your property is located, and (as always) check with an attorney.If you use this method, the two main questions to answer are, who will be the (initial) trustee and who be the (initial) beneficiary.