Like Brandon mentioned - you sound like the picture perfect classic "DSCR Loan" borrower - dscr loans are made for exactly this typically - LLC friendly and usually the best fit for when investors hit the 5 or so property mark and hit a roadblock with banks, cash etc like you desribed.Check out this 12-part article series published here on BP on all about DSCR Loans, hope it helps!

We actually started when we bought a property to buy and hold but it ended up not being a good fit for our portfolio so we sold it.

I am looking for insight on whether out of state investing is a good strategy for a first-time investor and/or a fit for me and my situation.

Unfortunately, there is no one size fits all approach.

There were some items that just didn't fit the standard I want in my MTRs (like my giant bean bag lol)

The irony of the 1% "rule" is that those who could even use it effectively don't need it, ie if you need to spend more than 30 seconds thinking about whether it fits the guidelines you're probably not educated enough in RE to use it anyway. 

A real estate agent would be a great fit as they know how to show homes and have the schedule flexibility.

Purchase price: $125,000 Cash invested: $50,000 I am currently looking for properties for a newly formed non-profit group that wants to supply affordable housing for disabled veterans in the San Antonio, TX, area.We are looking for SFH, Dups, Trips, or Quads to rehab and meet ADA standards for hold rentals for the disabled veteran community in SA.If you know of anyone looking to sell a property that might fit our criteria please reach out and give us some support for the disabled veterans community in SA.

@Deal H.thank you for sharing this,because my W2 is taking too much of my time and Turnkey seems to fit with the projects I have in mind.

Depending on the complexity of the deal, you can have a few revisions, negotiations to the contract.To me, the focus of the calls is to gauge whether or not the seller is motivated to sell, and if it fits into my buy box, and the price fits my return criteria.