I am currently purchasing a home that will work great as a Rent By the Room. 8 bed and 6 baths in the DFW area.

I have 100% equity in a home valued at about 400k.

The median home sold price reached $582,329, reflecting a 9.7% increase from the previous year, with a median price per square foot of $325.

With 30 years of residential construction experience and having built several homes in the past few years, I bring a strong foundation in project execution and quality craftsmanship.Right now, I’m seeking lenders to help me unlock home equity for property acquisitions and to expand my portfolio.

This will be my first home purchase, and I am aiming to invest in multi-family properties.What should I be aware of when purchasing a multi-family property?

However, my debt to income ratio with that home loan, and student loan doesn't look that great currently and I don’t have much for a down payment.

WOW.. 40k plus deposits on a home to be built.. ??? 

This leads to home prices increasing at a fast pace so you're definitely on the right track of which markets to invest in.

But SFH are already seeing renewals at 2%-4% and release rates up at least 5% YoY...that number is even higher on some luxury ($3k+/m rent) homes as those are harder to find.The rest is entirely speculative.

We’re planning to rent out our fully furnished 3-bedroom, 2-bathroom home in Phoenix-Metro area from March 1st to August 31st in the future.