This will also allow you to avoid taxes on the sale.

Hello Biggerpockets Community, This is my first post as I am trying to utilize BiggerPockets more. 

If you can rent it for enough to cover the principal, interest, taxes and insurance and still put money in your pocket, plus cash flow on the property you're purchasing, that would be ideal.

My first start to finish was in Gastonia NC, then Burlington NC then this one in Lexington NC.

It will be very interesting to see how this plays out for first time home buyers that don't have money to pay a commission to buyers agents.   

We do want to settle in a little bit here while continuing to do our homework, but hope to get into something in the next 6-12 months.With the way interest rates are looking now and what little I see on public listings, I think a smaller multi-family that needs a little rehab would be the best bet. 

It would be like if someone prepared to sell by painting to create fresh visual interest, but chose fuscia and lime green...those colors would certainly catch the eye but I'd never claim that they overdid the curb appeal by painting with too much visual interest.

Hi Dean - we had access to a DSCR product until a couple weeks ago - it's currently paused, per my conversation with one of the loan brokers I work with. 

Don't do this - this is their scam!

Potentially interested in surrounding markets.