I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

If you can't qualify for a Heloc, maybe you will not be able to get financing for the apartment purchase.

Remove those and the Net S8 Rent will be market rent.Typically, the only way to get more than market rent is by buying in Class D areas and hoping a S8 tenant will live there instead of a Class C area.Keep in Mind: TENANTS QUALIFY FOR SECTION 8 FOR A REASON!

In our case we tripled our deal flow when we started a program of direct email to mortgage brokers, real estate brokers, and real estate investors who could bring us either mortgage notes for sale or new loan opportunities for loans not qualifying for commercial financing.  

@Chris Kay beleive you can do DSR loans without a job as they qualify the property, not the borrower.You'd still need 20-25% down though.That's where you have a decision:- Pay down the mortgage, setting yourself up for a future refinance to free up your VA Entitlement.OR- Save up for your next acquisition.Only YOU can make that decision as you have to be comfortable with the increasing debt-load risk and the additional time to manage everything.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Quote from @Rick Im: Quote from @Ashish Acharya: @Rick Im Inspection fees for unsuccessful deals and mileage for property viewings before acquiring your first rental CANNOT qualify as start-up expenses.

Regulation will say you have to be registered and pay hotel occupancy taxes, but your unit may not qualify for registration. 

Just do a normal full loan assumption if your qualified and if your not qualified go for dscr loans even if rates higher. 

I’m fine with immigration, but they have to be vetted and qualified.