Are there fewer qualifications on second home loans versus rental investment loans?

@Alberto Vargas   The BEST option would depend on a what your plans are and what your qualifications are.

amerika incarcerates more people than any other country. so not unusual. everyone deserves get honest chance qualify for a safe place live. 5. if really uncertain any felon tenant can get bonded to lower risk and should require renters insurance and pay security deposit. just  like all other qualifing candidates even dirt bag govt workers who make these dumb regs into law.6. 

@Tyler GilbertThe FHA Loan (3.5% Down) has a smaller down payment, quicker qualification, and lower interest rates than conventional loans.

Feel free to inquire about their staff qualifications if it's a larger organization.2.

I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.pros: no commissions in your transactionseasier qualification as real estate professional to offset high W2 of spousecan get access to any house/ easy logisticsmore control in the transactionMLS access with all the information on tip of your fingers, you can move fast with the deallicense knowledge helps to make better decisions and gives broader understanding of the industrycan legally do property management for others, wholesale (many states now making outlaw to do it without license)cons:need to take an exam (it needs preparation and to be good not just barely pass you need to study)fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))self-management including taxes and feesneed to relicense + paid education Don't forget the biggest con.

People not on BP, poor people with low tech or low qualification jobs, it will be a very bad time from both inflation above and job/benefits/school stresses from illegal immigrants from below. 

If so, that would be a good starting out point as $20k can be enough with a hard money loan and a lower value property (although likely challenging in CA).DSCR Loans are an option for turnkey and a refinance - there is no DTI involved in the qualification so salary does not matter

They aren't a thing for new investors in most all cases.You will need to partner together and use both of your qualifications to do it.

If it's a larger organization, feel free to inquire about their staff qualifications.2.