Like @Chris Seveney said, private lending is a great way to go as well.  

Lau, generally if you are financing with a commercial lender- we lend for business purpose only and a rental property would fall under that category.

Not sure if you own or rent your primary home, but not all DSCR lenders will lend to first time homebuyers and/or first time investors...just a heads up.

When starting out it’s a pretty good deal for someone lend you all the money and you give them 50% of the profits.

I have used owner finance and hard money mostly to build my portfolio but need some institutional refi in the future.I'm also thinking about how this affects taxes, insurance.Thanks in advance for sharing your opinions!

One other question is the financing part, have you talked to lenders on lending on this?

Now we are mostly scaling our business with larger communities but I've used many different creative finance strategies including seller finance, private lending, hard-money, collateral from other properties, and lease-options. 

I understand it become tad difficult to refinance since some lenders wouldn't lend on the home in trust, but is it easy to sell a home in a trust, just like you are buying in a trust?

Keep in touch with your lending partners for each one so you can understand whether you need departure residence income to qualify for the next or not.Finally, if you're investing with a Significant other, I recommend considering a "leapfrog" strategy where you buy one, then your partner buys the next, and so on.  

Have spoken to other folks lending them money in the past (unsecured, but sold as secured) to Rad and Seminar Solutions.