A friend of mine in Austin once negotiated a partial buy back option when the seller realized they might want back in if the market soared.. from what I read in Bloomberg, that approach can work well if both sides trust each other.If the tenants’ rent covers your carrying costs, that’s a nice cushion, but you still need to clarify that buy back clause.

While that would be nice to build up a lot of money and save, however that would just push me back even further from starting my real estate future plans, careers, family, etc.

Before you decide to pull the trigger with any Bank/Lender make sure the they are well versed in DSCR guide lines and close more than a couple a month. 

NIce intro and we can connect and I can send you some notes I have made on Real Estate Investing!!

If your cabinets are made out of plywood and nice enough painting is actually a great option. 

He said it looks nice and resists scratches from pets.  

The 2nd person really liked the house and even mentioned how nice the rehab was, relative to comparables they have seen.

Super nice guy, and a genius.You can also go checkout Divorce Lending Association and find a local CDLP if you'd prefer.

Interest rate is 6.25% Nice house, nice neighborhood.

It's always a tough call on whether to just do a day trip or pay for a rental as the costs of a nice rental can add up quickly.The TL/DR (which I'll expand on) is that we ended up changing to a strategy of letting others help pay for a cabin that we know we'll love.