I would recommend that you focus on which area you want to eventually settle down in.

When I went down to the basement, I discovered Joey had put nails in the subfloor that came through the basement ceiling and were so long they hung down about three inches below the ceiling.

You won't find any reasonable ROI in the Phoenix area with $150k to $200k down. 

We also have many unique buyer incentives where an investor can get up to a 10% price reduction to come into immediate equity, or get that 10% as a cash back at closing to reduce your down payment and increase your ROI, or buy rates down into the low 4s on 30yr loans to maximize cash flow.

So I guess one option could be to do a DSCR loan, Airbnb the property in full, and then in the future, refinance into a conventional when my DTI allows me to down the road.

You’re left doing all the work: finding deals, inspecting properties, putting your own money down while they take no risk at all and still expect 50% of your profits until they’ve made $500,000.

(This is what we do, no upkeep,  and we love the 10% down, plus cash flow, principal deduction and tax write offs) Some of our investors use their SDIRA or 401(k) or pension to do this.4.

We went down to thw studs on most rooms. 

You will likely need to save up for your next down payment.

Alright, BP fam, let me break this down for you.