@Jay FayzIt's possible to use an FHA loan with a 5% down payment, but keep in mind that the loan is intended for primary residences, and you'll need to live in the property for at least a year.

BTW you said you have a 9-5 so keep in mind you cannot double dip on the employee 401k contribution.

But, it may not offer the ROI as other locales, and it may not be "fun" like buying in a favorite vacation spot.2 - The highest ROI folks - Self explanatory, will go where ROI is high and/or regulation low.3 - The second home/retirement minded - These people are looking for minimal ROI but want the house in a specific location because they like to use the property and want it to pay for itself.

Hello BP community,It's nice to see so many discussions from like minded people!

Kevin, would you mind sharing those lenders that do sub 100k DSCR loans? 

For our second STR, we are currently researching Sherman, potentially / ideally, a less expensive duplex that we could rennovate and self manage from Dallas with workers coming to the area in mind. 

Fast forward 2 years his landlord mentioned in passing he might sell the property; I was the first person on his mind.

I think the thing you have going for you is your religion; you have to know some other folks of your faith and where you can find like-minded individuals.

Quote from @David Spurlock: Quote from @Kevin Sobilo: Also, keep in mind that not all rentals are subject to fair housing law.

Keep in mind, you can’t use personal funds or your home's equity to directly fund the SDIRA investment, and all property expenses must be paid from the IRA.