Can't say I enjoy real estate, but enjoy what the money allows me to do :)

The DSCR loan would allow you to qualify based on the rent you are collecting and get up to 75% of the value (175 x 0.75 = 131.25k, minus 20k payoff and closing costs.You could get a line of credit or a bridge loan against it to borrow money, but it would be higher interest.

I feel like getting my foot in the door now with this one property would allow me to learn without being too overwhelmed.

Forced appreciation allows me to build equity from the beginning of the investment, so if I need to firesale for an unforeseeable reason, I will not be underwater.

There is ZERO chance this tenant took your stuff because they noticed you didn’t say stealing from you wasn’t allowed.

My uncle has agreed to allow me to use his system, employees and resources to build my own trailer park empire.

Their rates are good but boy, they looked at my financials and ask some funny questions such as asking for proof that I could withdraw funds from my SEP IRA account, and that I need to provide documentation to verify that  this employer sponsored retirement account allows for funds to be withdrawn, or if withdrawals could only be made in connection with the borrowers employment termination, retirement or death etc. everyday they sent me something new to answer.

Regulations in Nashville allow owner occupied STRs if you are truly an owner occupant.

My starting questions so far are* If zoning allows multi-family, would I need any zoning approvals for a conversion?

Although in the last couple deals most have come out as 506C deals where only accredited investors are allowed, there are still 506B syndications where you can be a sophisticated investor (self proclaimed) so you don't have to be accredited.