Is this the company that you mentioned? 

However, as Erik mentioned, having a GC license definitely helps with the approval process on hard money loans and can get you more competitive terms as well! 

Hi @Hassan Oukacha - Being from Texas you would need to either get your real estate license or use an online service like Inestway.com or Propelio.com - both are brokerage websites that offer true MLS sold comps for you.Full disclosure I am the co-founder of Propelio.com, but there are other sources like investway that I mentioned.

", if you can be thoughtful and diligent and very skeptical, and wait until things are obviously cheap, you will generally outperform 90% of other investors. equation {Buy low + decades} = RichGet a hold of someone on the phone, about the investment, ask a few questions and get their best contact information.

Does the original poster have someone who can do that like some of the people he mentioned did?

As mentioned if you're concerned, just keep a close eye on your credit profile during that period!

Conventional would work too, but you would have to wait at least a year on seasoning, DSCR is only 6 months.

How long should I wait until I buy the second property?

As others have mentioned, you'll need a pre-approval or proof of funds to proceed.

The only challenges you haven't mentioned is advertising for roommates, screening them and where to get a lease.