I think your biggest barrier is finding an asset that will meet DSCR requirements in your target location without having 40-50% down.

Just like @Nicholas L. and @Scott E. use him to get pumped up and to feel motivated but stick to books, BPs, and real-life experience.I would never invest in one of his deals, I believe the big returns were cash-out refis after raising rents and the others are like 3%.

(This allows us time to raise rents plus appreciation over 5 years to then do a portfolio refinance to pay back the line of credit). 

What will it rent for? 

Just evict them with damages, clean it all up, and rent it out again.

Im still doing a market research and gulfport, MS pop up. any additional information about this place regarding landlording, property management and ideal location would help. thanks

I'm looking to get into the BRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy but want to build a strong team and could use some guidance.

A new loan officer or one not familiar with DSCR might offer you the best interest rate and fees on a DSCR loan because their pricing engine told them, but your specific scenario may not fit. for example, a deal I am currently working, First time investor, First time home buyer, living rent free, seeking 80% LTV purchase, Using Short term rental income to meet DSCR, with gift funds. 

The rent on the property is currently covering the PITI.

Also, where are you located, and do you expect to have any business activity in 2024?