I am thinking I should use a DSCR loan. can anyone help me with this process Hi Diandre DSCR loans are typically meant for 1-4 unit Residential and 5-10 Unit Mulifamily/Mixed-Use.

When you have studied your market properly you should be able to provide the answer of if single family or residential multifamily is better for cash flow. 1% rule was for a time when almost all deals were decent as a way to rule out the lessor deals and concentrate on the best deals.

There has always been many questions as to if one needs to be licensed to engage in COMMERCIAL mortgage brokering/origination or RESIDENTIAL INVESTMENT property mortgages.  

A "lake house" might be in a residential zoned area where a commercial use would be prohibited or at least require a variance (approval) to make an exception.

Lastly, the price point is still very cheap here in the sense that you can still find investment deals that hit the 1% rule for 120-180k and in great residential location!

For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?

If I can 1031 exchange them into residential property in SC, the debt will be gone.

I have a lot to learn on this side until then but am looking at buying a value add multifamily rather than residential.

He just told me to read the Cook County Residential Tenant Landlord Ordinance with the idea that doing so should just stop me in my tracks from bothering with rental at all. 

Plenty of opportunity here in DFW.So far I've been working with a couple of local development firms (Realty Capital & Hunt Realty Investments) that have given me some guidance on the commercial side.