DSCR loans are usually what I recommend to ensure approval as your qualification is not based on your income but the projected rental income of the property.

Unless you revise your plan and ensure that your personal use is under 10% of the rental use.

I’m looking to ensure I structure things correctly and attract the right partners.

., funding.Two final thoughts, I'm all for being efficient, but you should think about the opportunity cost of tying up your own money in a single rehab, vs. using it to fund another simultaneous deal.

I’m committed to keeping my options open and continuing to learn about being a landlord to ensure I’m well-prepared for my first purchase.To improve my ability to analyze deals, I’ve developed a two-part plan:Join a local BP meet-up group to discuss my goals and support others.Continue learning and engaging with the BP forum.Thank you again for your guidance—it’s truly appreciated!

Quote from @Nate Sanow: Yes I own two that are near 100 years old and I will tell you they are a pain in the you know what compared to all of my post WW2 properties especially post 1980… layouts are better in the last 50 years and energy efficiency is better and I can keep going… HOWEVER to reply to the other aspect of your question, I’ve found appreciation is better with older properties in areas of the path of progress.

@Agatha Simmons Ensure that you are documenting everything that is occurring.

Focus on education, networking, and analyzing deals carefully to ensure your first investment sets a strong foundation for future growth.Good luck!

Risk & Due Diligence – Ensure the deal has strong equity, a solid exit strategy, and an experienced investor before funding.

Professional PMs use specialized tools to verify income directly with a tenant’s bank or payroll service, ensuring legitimacy.