You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

If you do not have those it will extremely hard to ever sell it to someone who will require bank/lender financing or refinance it down the road if you want to pull out cash on the ARV or future equity.The other rule of thumb is that you buy it New and that it was never on another property or location, simple built onsite or trailered in from warehouse. 

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

---NOTE: a conforming loan is overall CHEAPER than an FHA loan due to FHA upfront MIP being nonrefundable if you refinance or sell.Recommend you speak with a mortgage broker about all these options.

@Michael Baum I should have clarified in the initial post- Access to capital isn't the issues, but we did struggle when we attempted to do a traditional refinance.

That's a reason to either sell and 1031 (releasing 100% of the equity) or to refinance the property and pull equity out. 

@Eric BilderbackAgree with you, and to your point - if you buy something today that puts you in a stressed out position, you can't / shouldn't count on anything saving you - like a huge jump in rents or a big decrease in rates so can you refinance. 

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Compare these with potential financing alternatives, like a DSCR loan or other commercial products.Exit Strategy: What’s your long-term plan—hold for cash flow, refinance, or sell?

Some investors buy land in cash or with short-term financing, then refinance it later when they’re ready to build.Lastly, don’t underestimate the power of networking.