I am currently in the process of obtaining my first buy and hold property..my only dilemma is which route to go in order to finance the property..to give you guys an insight on my scenario I have good credit (740+)..access to down payment money (10,000-15,000)..no prior investment history..Im not sure if I can do a conventional loan because my debt to income ratio may be too high and from my understanding (correct me if I'm wrong) Hardmoney lenders are typically better used with flips and rehab properties..can anybody help me understand my options to financing my first buy and hold property😩..thanks, Shane

Next month I will be preparing my Daughter's home in Fayetteville, NC to sale.

Considering all fees interest etc. what is a reasonable rate for someone that has history with a lender?

It's not so much that history repeats itself, but people never learn.

Hire the first guy that can do what's needed..Strongest Hurricane scheduled to hit FLA in all history if that's possible.Plywood,, scrap wood anything large enough laying around check garage / basement.Good Luck times not on your side. 

I guess that could be called the law of attraction.Some friend's of my daughter came from Illinois.  

My credit is excellent, but of course being self-employed must go off my REI history rather than tax returns to borrow.

I don't see them leaving for months at a time (yet), plus even if they did the daughter still lives there. 

CL adds are removed after being rented and I always have history on trends in neighborhoods I work with.Don't use Zestimate - just go to the actual listings and expired, make sure the location is right - precisely.Right now I have 2 rentals within half mile from each other. 2bed/1.5bath condo for $925 and 3bed/1.5bath townhouse for $1400.

She then confided in me that she watches her grand-daughter and her daughter insist on paying her $1000 a month.