DSCR is not low money down or low money into a deal.

It’s great that you’re looking to put your money to work in real estate—smart move.A few key things I always remind my clients (and myself) when investing:1.Don’t rush it.

I think you save money by using a good accounting program-no matter which one--because you have instrumentation to watch your income and expenses and because you're less likely to lose deductions.

Originally posted by @Jack Grove:@Okansa Patrick Were you required to utilize a hard money lender when dealing with New Western?

If you had the opportunity to purchase a cash flowing property with no money down in a town of 500 that is 30 minutes from a metropolitan area of 130k in population, would you do it?

If at some point it just takes too much of your time or energy you can always turn over to PM to manage.If you think you will buy 4 this year, then that might save you enough money to buy a 5th.While I think it is great to have plans and goals, I will say most of my good and active investors target one a year. 

I want to go in prepared and not just jump in because I have some money saved. 

I took no money from the cash flow (when there was any) and I never made a late payment to the bank.This fall, nearly 12 years after the bank gave me that house, and over 15 years after I knocked on that door - after evictions, vacancies, insurance claims, and never taking a dime out of it - I sold that house and placed all of the proceeds in a 1031 exchange.

On the flip side, I am in the process of acquiring over $1.5M in defaulted DSCR loans form borrowers who are your age that put 25% down but had no money to fix any of the problems  = lost the renters and walked from the property.

I do not borrow money for the EMD.