The house is a 3/1, just over 1000 square feet, and we are planning to make it a 3/2 by adding a master bathroom to the back of the house into the back yard.

Some Lenders do cap by the Fannie Freddie cap of 10, but there are plenty of lenders out there that will not cap you as long as you are able to provide updates on your properties and have a relationship with them.

.- Buy a multi-family home - I've seen some for as low as $250k, but I'm sure there will be different deals by the time I'm ready to pull the trigger.- Take out an FHA loan for 3.5%.

The appeal of this deal lies in its low entry barrier and high potential return, made possible by your hands-on approach in sourcing and negotiating directly in the market.Financing the deal through both personal investment and banks offers a balanced leverage, while your approach to seeing potential in underappreciated properties maximizes value.

The few lenders that we spoke with are having a hard time finding a DSCR loan as mentioned by many of you in the discussion. 

Soo in the class I am reviewing they are teaching us to undercut deals brought by brokers, but once we refi a property and pay off our partners wouldn’t we simply become the very targets that we were after 5 years ago?

First is the Midwest, which by most estimates is the cheapest and most affordable part of the country.

@Shane Baganz   I have most pay by zelle and some on apartments.com,  no charges. 

Divide that by four and each tenant is responsible for $300 a year or $50 a month.

The only way I see 2% anywhere is renting by the bedroom.