The strategic approach you mentioned helps in mitigating risks and positioning yourself for long-term success.

I'm no longer in the position to house hack, I currently own my SF property here in Miami.I like the idea of SC, NC - But my question still persists, if I choose one of the two, I'd like to hear some feedback from people who are in those states and which strategy they find works best.Thanks!

Share your experiences from the BRRR, RV Park, or Fix & Flips, and position yourself as someone others can learn from.

@Lea RamirezDSCR loan probably your best option but you will need to show the property positively cash flowsIf it were me, I would be more focused I.

That’s a pretty solid gross rent-to-price ratio (~1.6%), which is a positive sign for cash flow.

Initial Plan: Use the property as a long-term rental, aiming for cash flow neutrality or slight positive cash flow.

Never thought I'd be in this position at the beginning of 2020, so I thank the program and community for propelling me to step outside my comfort zone to THINK BIG.

I’ve written letters on behalf of clients in similar positions to yours reserving the right to request the improvements be removed in the future.

You could look at a seller carryback 2nd (seller-financed 2nd position loan), but DSCR lenders will vary in whether they allow this and by how much. 

There are several ways to offset income, even with positive cash flow.