This way, you would have two income sources offsetting most, or all, of your mortgage payment.

The most obvious example is when a borrower misses a payment, or two, or three.  

Third, what's your down payment budget?

If you can establish a solid network (even virtually at first), and maybe leverage your savings to buy a property with rehab in mind, the reward could be the path you're looking for to make those five-year goals a reality.Of course, the risks are there, but if you're comfortable and see the upside, it could be worth leaning into.If you need more insight into BRRRR execution or anything specific about market selection and building a remote team, feel free to ask.Hope that helps!

Do not select the first Property Management (PM) company you talk to.

Melissa, not trying to hijack the post, but I am curious about cross collateral, as I own a 5 unit with a lot of equity and would like to buy using same bank, using the equity as a form of down payment and the new property income to justify a higher tha 75% loan. 

There are thousands of Lenders out there which provide different DSCR loan selections and everyone is going to have different rates and terms and costs which can become very confusing. 

- get into real estate with a lower rate and lesser percentage down payment.

@Sharad Bagri  Lots of people say "as long as the payments are being made on time, the lender won't care." 

Payment is $2332.48.