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We have a strict budget in place and will be saving ~$4-5k a month once debt is paid off, but do not an investible nest egg yet.

The VA and Fha loans have been able to do it but their strict appraisal guidelines make it tough to buy the often older homes in my market in Virginia Beach / Norfolk Area. 

They seem to either go one way or another, NO investors with strict HOA rules, or full force on investors. 

I know in my area they can require it, and we are nowhere near as strict as NY. 

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

Airbnb cancelled the reservation the day before our guests' arrival, after we explicitly told them that we would not budge on our STRICT cancellation policy. 

With countless loan options, complex terms, and strict lending criteria, it’s easy to feel overwhelmed.

Underwriting guidelines are more strict than on residential loans, and buyers who might qualify for a condo loan sometimes cannot qualify for an individual tenancy in common loan.

.❌ Legal Risks – Chicago has strict landlord-tenant laws.