For funding, explore options like FHA loans, personal savings, or creative financing, and focus on New Jersey markets that align with your goals, such as Newark for rentals or commuter towns for house hacking.

I personally like Alabama and Tennessee a lot, depending on what specific area you're looking at.Look for Class B or C properties in stable rental markets, particularly single-family homes or duplexes.

Providing for the disposition of certain personal property following an eviction.

I typically don't comment on other's businesses unless I know from personal experience.

No Personal Use: You or family members cannot live in or personally use the property.2.

I take a picture of their driver's license.I ask for phone numbers that accept texts and any alternate land or business phone numbers.I ask for the names and birth dates of anyone under 18, and ask if there are any service / emotional support animals, together with their names and breeds.I also ask for personal references, previous landlord contact info (and length of time there), employer contact info (and how long there, together with earnings), as well as the name and contact information for their manager / boss.

Lots of loan options can close in an LLC, helocs usually need to close in your personal name.

A couple strategies that could make sense for a younger person without experience could be a live-in flip or a house hack.

Quote from @John Friendas: As a person with an average salary, I was wondering what the maximum amount of DSCR loans a lender would give out would look like?

We purchased it off market, as-is, and as it was our personal home, we renovated over time.