Hi Chris, As financing costs will be a big factor in determining profitability, you should be asking HMLs for proposals to fund. 

Quote from @Jordan Moorhead: @Joe S. check out Virtuance.com Thanks..I will keep them in mind.I made an order already this morning with Home jab.

Good Morning CJ! 

Sapphire is much more of a vacation home community.The deciding factor for me was that Sapphire and Cashiers don't have a lot to do, except for golf and hiking.

You're right, I definitely do not want to force a bad deal just to avoid a relatively small amount in taxes.This morning, I spoke with the property assessor’s office in the county where my property is located.

Got a call from the tenants mother on Tuesday morning - she said her son (my tenant) was shot nine times this past Saturday & is in intensive care, surgeries, etc. 

Good Morning BP,I bought my first house last year in Suffolk, Virginia just to get started in the real estate game.

Some other factors to consider - How long are you planning to hold this property?

If scaling quickly is your goal, DSCR loans are a great tool for the refi portion since there’s no 12 month seasoning requirement like conventional loans, and DTI isn’t a factor. 

A lot of factors go into this.