Fix and Flip/Bridge Loans—No MInimum Experience Level DSCR Loans—12 Month Payment History For Primary Residence New Construction Loans—2+ Exits Within The Last Three Years You may quantify your experience easily by taking advantage of our experience template.

@Ferria CunninghamIt is my understanding these loans have no payments but typically followMuch more strict LTV’s, so they would not allow a borrower to exceed / go over 100% ltv

If at all possible, I'd suggest beginning with a house hack because it should cut down your own monthly expenses while you build equity and there are great low down payment programs available for owner-occupied financing.

On top of the 8 months I would need another year or so to save approx. 30k for a down payment on the second property.

Currently:- I'm pre-approved for $275,000 but with my credit I think I can bump that up to around $300,000- Have $10-15,000 I can put towards a down payment or renovations- Have access to the VA Loan- Am saving approximately $1000 a monthCurrent Strategy?

You can also sell it to someone with a large down payment to recover your cash, and hold the loan until they can refinance.

"cannot make the grade"= when the investor got a loan back in 2019 the rate was 4 and now at 8 -10 the rents no longer cover the payments.

So you figure 25k for a down payment equates to a property worth about 166k that will need maybe 75k in repairs let's say for a total project cost of 241k (loan amount would be 216k approx), then holding and closing costs of about 15k.Now when the project is over and you sell, you'd want to try and sell it for 241k/.70 = 340kish. 

@Jessie Cervantes DSCR loans require 25% down payment and are higher interest rate than a conventional 30 year note.

Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022.