First, it is necessary to achieve favorable financing terms and  secondly, I do believe cash flow should carry most rental properties with limited exceptions.

Renovation costs would need to be financed separately.Private Lending or Hard Money: Use a private or hard money loan to acquire and rehab the property, then refinance into a joint long-term loan.Seller Financing: Negotiate terms directly with the seller for a flexible financing arrangement.Final ThoughtsUsing an FHA 203(k) loan for your first property is a smart move, and with the right partnership agreement, you can still achieve your 50/50 goals.

Congrats on buying your first investment property—that’s a big achievement!

What are your investment goals and can you achieve the same results with other asset class?

@Caroline Gerardo  @Thomas LebensCaroline - From the info you are providing, it just sounds like I just have a broader list of DSCR wholesalers at my disposal that offer better terms than those you are using.Thomas - The bottom line is that you can definitely use a DSCR loan to meet your needs and achieve your investing goals.Have a GREAT weekend!!

+1 For Roku with Guest Mode.If higher end I would recommend live TV which can be achieved with Cable (Spectrum for me) app or with something like Sling or Youtube TV

The buyer does the work themselves or a crew and then achieves close to a 1.5 to 2% rent to sale ratio plus equity upside.Hold each one for a few years and compare the cash flow metrics and equity growth to see where you are at.The nicer area likely over the years will have stronger rent growth.

But this comes with additional requirements you must achieve (look up REPS). 

When you work a 9-5 job, you typically rely on colleagues assigned to you.As an investor, you have the OPPORTUNITY to assemble your dream team of professionals who share your ambition and can help you achieve your financial goals.

I would have focused on the highest paying W2 I could find/achieve as early as possible in a field I enjoyed;2.