I'd be heavily focused on mitigating that future tax liabilty rather than directly supplementing that income.

So if the house is worth $500k once finished, then I'd go for it.....But first, talk to a Realtor and a GC.

I'd put less down and put cash towards new construction in urban core like olde towne east, king Lincoln, Southside columns ohio 

We’ve been actively investing in the Upstate NY region, and I’d love to share some insights about the local market, especially areas like Albany, Schenectady, and Troy/, which can offer great opportunities for investors.In terms of your budget and goals, there are definitely deals in Upstate NY, and with the right knowledge and strategy, it can be a very lucrative place to invest.

If you want me to go into further detail, I'd be glad to do so either on here, via PM, or even just call me.

I’d love to connect with others who are house hacking or rehabbing in the area and share experiences.

I'd be hop on a call and show you how I'm doing it.

I'd say 1% deals are going to be more of an appreciation play rather than a 2% deal which will undoubtably cash flow. 

As others have mentioned, DSCR loans are generally for turnkey rentals (although outdated rentals may still qualify depending on the level of deferred maintenance). 

I'd like to engage a couple more for bids.