A common misconception is that you have to put down 20% of the purchase price.

Learning from agents commonly working with investors is your next opportunity to find a mentor.To be honest, I wouldn't try to find a mentor from random investors on the internet.

While turnkey properties are more commonly used for DSCR loans due to their immediate cash flow, fixer-upper properties can still qualify depending on a few factors. 

Thank you for your input.Keep a cheat sheet for your property(ies) with color brand/codes for each room and common info needed such as appliance info, fridge opening HxW, etc...Paint should be standard sets of colors for all the properties you have.Flat means hard to clean, repaint it all.

Both an LLC and umbrella policy have their perks—an LLC separates your personal assets, while an umbrella policy is simple and covers more scenarios.

Thanks as always.RL What you were experiencing is actually more common than people want to admit.

Hey @Sara Valentine,It sounds like this is a common problem with many other STR and MTR operators locally and across the country. 

Within each of these loan types and structures, you'll find commonalities and similar bases, but only conforming and govvy loans will have the exact same rulesets universally. 

In that scenario Section 8 tenants are the least risky tenant base. 

Is a shared bathroom common or should we add more?