Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Hi Dennis, What kind of loan is it for?

I been looking to buy my first rental property I already got Pre-approval loan, down payment and criteria for the house.

You can just do a DBA (doing business as) in order to be a "business", since you're still going to have to personally guarantee these home loans.

Can you use conventional loans, or does the loan need to be non-recourse?

OR if the buyer has to get their own construction loan ( which I dont really get since i always get my own construction loan)

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

But, if they do not it means they can ONLY do business purpose loans. 

fyi, one of my children (also in Indiana) had a very good experience with a VA loan through Veterans United.If you can find a tenant who wants to be rural and have space but doesn't have a down payment or for some other reason doesn't want to buy or can't buy, that person could be an excellent fit for your situation. 

or 401K loan?