My most recent look indicated that the DSCR rate was actually lower than the one at my bank but would have required a 35% down payment in my particular situation.

However, the absence of a renewal option in the lease could indicate uncertainty or strategic flexibility.

I recommend starting small and looking for turnkey properties to minimize the stress of managing rehabs.

@Thomas F Blaskey If your gain after expenses is minimal (~$15K), selling outright is straightforward, with modest taxes on the gain (15%) and depreciation recapture (25%).

Does this falling yield indicate that its better to wait for the next downturn to get into this space?

Just curious what is the long term plan as far as minimizing tax in later years as the account in pre-tax become huge?   

This minimizes disruption if issues arise.

From there, you will learn exactly what to do with your cash so your risk is totally minimized.

At the same time, I prefer to minimize liability, though I’m not a seasoned investor.Is this one of those calculated risks that investors eventually become comfortable with, or should I prioritize limiting liability from the outset?

Interested parties can search public records to discover any lis pendens that indicate a home is in the pre-foreclosure stage.Notice of sale: A notice of sale informs a property owner that their bank or lender intends to sell their property because they are in default.