Visiting the city frequently, I noticed that it is not as alive, homelessness and crime are rampant, car break-ins are high, and the overall vibe of the city is very dirty and poor in my opinion. 

I’ve got a decent amount of money that I want to start investing into section 8 rentals in Florida/Out of state doing DSCR loans. 

I think that would fly legally.not the smartest for your relatives.. but do check it out.. its when you have multiple bene's on one mortgage trust deed that Securities comes into play..

Travel and meals: Since the property wasn't yet in service, these expenses would likely be capitalized into the property's basis.2.

Purchasing the primary for 3% down first will lower the risk of running into DTI issues since you can use a no-income product for the investment later. 

Though, my Naivete has gotten me into trouble before.

This will break down their annual tax liability. 

Congrats on taking the first step into rental property investing!

That means I can either have a cash cushion for any renovations or covering some of my mortgage until I get a tenant  or get into a property quicker.- That puts my mortgage at around $1,500.

looking into both financing options