Once 6-12 months have passed, depending upon the loan program, you should be able to refinance it to bleed some of the "instant equity" out.

The CFPB does define "conventional loan" as "any mortgage loan that is not insured or guaranteed by the government (such as under FHA, VA or AG programs)", conveniently leaving out the guaranteed money that Fannie Mae and Freddie Mac enjoy as pseudo governmental agencies, but no one that does DSCR loans cares what the CFPB calls their loans because they don't govern DSCR.I'm a broker. 

Also, if you plan on doing rentals down the line, you could use non-conventional programs like DSCR that doesn't restrict you by DTI.

They may have a program for you.

Typically the commercial agent managing the PM's insurance program will do the presentation of the quotes. 

While I agree that many of the educational programs are overpriced and there are gurus to stay away from, I do not recommend jumping into note investing blindly just because the barrier to entry is low.

But like most things you are going to have a ton of beginners listening to someone who is just out to sell guru programs and one size does not fit all in every state.. but one they get a BP pod cast its off to the races.

Did you have Real Estate before starting the program?

I usually have the title company create the NOTE for me with their generic programs, but looking for something a little better or more professional.  

Social programs are at such a level now that people choose, by intention, to go various welfare as a career.