My remodel strategy is to use some of my own sweat equity and running subs to save enough money to upgrade the flooring, kitchen and baths slightly beyond the peers. 

So someone who is looking purely to maximize potential return (and has unlimited time) is unlikely to find this a good fit.Here are some good websites for seeing the variety of deals that are available for hands-off investing/passive.1) CrowdStreet.com2) 1031Crowdfunding.com3) Ark7.com4) Finresi.comGood luck!

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

I wanted a house for myself to live in and I had been living with parents for two years to save money.

This circles back to having a lease, increasing rent fairly, and saving every dime of cash-flow.

Me purchasing it and renting it out to her turns it into an investment property thatvallows me to take advantage of all the tax benefits that come with it.She may lose the primary residence mortgage benefits she has, but I think what we achieve with the conversion outweighs the loss.Cashflow would be immediate and allow for quick savings growth for the next purchase.

To make a long story short, for one property you are not going to save $ in the long run and realize materials can take 6-16 weeks to arrive. 

We have been able to save up some money for our first turnkey multiple unit building.

If you feel bad and want to save people money, start with a free pre-screening.

And since you are licensed, you can potentially do some sales on the side to increase income and save up for investing.