Hi all!
I am new to real estate investment and planning to start ramping up long term rental properties in 2025, however my first two primary residences were both converted into MIL's and rented within months after c...

A few additional thoughts about being a new agent ---Being a real estate agent is unique because it's solely commission-based.

Hopefully, it was based on their ability to successfully execute a transaction, and not just because they were cheaper than everyone else.  

If you plan on purchasing your new property with a loan based on DTI, then it may be harder to qualify if you are leveraging yourself some more.

Well, generally it means that the living spaces in the home need to be built about the Base Flood Plain Elevation.

This is simply predatory in nature full stop.I have sold many of my OREO props on low down ZERO percent financing but they were at market prices and the buyers owned them free and clear in 24 to 36 months that works.. but long term contracts on these homes is not a solution for neighborhood revitalization just the opposite.

Here are some insights based on your scenario:Refinance Timing: Given that rates have been dropping and you're considering a potential refinance for next year, holding off on refinancing until then makes sense if you're not planning another project soon.

To do well, build a strong money base, keep a good credit score, and look at other loan types besides FHA.

Consequently many inexperienced investors make investment decisions based on where they can afford to buy, not necessarily where a good investment thesis may exist. 

If I did my math correctly, on a 3,600 SF triplex where you buy the land for $150k, you generate a gross profit of about $84k (based on a $140/sf build cost and sale price of $205/sf), before you pay interest on any borrowed funds or closing/commission costs.