With that being said, as long as your return is fairly straight forward, you should be okay but if you have multiple rentals and other things going on, always worth at least a chat with someone.

I’ve seen some long term options - as long as 25 years in one case, but it was concurrent with a triple net lease of the same length of time with the property being commercial.If the option is with a homeowner then you deal with consumer protection laws, Dodd Frank act, and CFPB.  

Thanks for the reply, I know my goals can be crazy and yes it does sound a little unrealistic but I believe it is still doable in the long run as long as I do everything right. 

Majority of our landlords don’t want the section 8 approach since it is so time consuming to get approved and get a tenant in however they tend to be the more long lasting tenants and then you never have to chase your money as long as you maintain the property 

Or should I just keep it as a passion project, see where it goes, and keep chugging as long as I'm happy lol?

The loan approval is based on the property’s cash flow—so as long as the rental income covers the mortgage, you’re in a good position.

You need to make sure that the deal is good, and that they will sell as long as your fix/price it well! 

You do not need to wait to cash out on the new value as long as you have documented rehab work.

Most lenders will allow up to 80%-85% LTC on Ground-Up as long as you have experience. 

When I talk to loan officers they say a DSCR loan would be ideal for even a newer LLC because it's more about the numbers on the deal as long as you have the cash for the average 20% and whatever points down.