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This allows many groups (I know the crew at Easy Street can do this) even close a loan in a week or less.They'll stay off of your personal credit, while not impacting your personal debt to income which is valuable as you start to scale.

Selling the property can be your reset button for you to start over in a better position.

If I do purchase, I'll most likely do 100% cash and/or a small position via DSCR if the numbers work out.

@Amir PortalRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

Also, this is a 2nd position note we're trying to sell, so we'd be open to any suggestions for that type since it's our first one.

If I were in your position, I would buy a duplex that has potential for value add, fix it up, live in one unit and rent out the other unit as a medium term rental or long term rental.

You build equity while keeping your cost of living low.You’re positioned in an appreciating area, meaning your asset should gain value over time.You keep your downtown flexibility while someone else funds your mortgage.Now does it make sense?

@Craig Daniels -while I do agree with others that 30% down for $175/mo cashflow is not a good investment, I will present a slightly more positive response.