If you are buying a rental property and do not plan to live in it, you may qualify for a DSCR loan.

@Joseph MuleroTo boost your rent plan and make more money in the medium-length rent market, think about these steps: slowly add furniture to the new place while you stay in your current home, pick cheap furniture, use a credit card with good terms, look into loan options like personal loans or home equity credit lines, try out the market by listing the place with few furniture pieces, aim for easy-to-change furniture for flexibility, and talk to pros like real estate agents or home decorators.

I plan on living on one side of the the duplex.

I am not currently planning to buy additional real estate.

I am planning to do a house hack on a property.

I did pull out the maximum allotted amount of the HELOC which I plan on using for BRRRR (already closed on a property!).

First time syndicator.At the moment, we are focused on equity raising and deals sourcing, and plan to partner with experienced multifamily operators on a deal in Texas.

If you plan to operate this product, you still need to have cash to bring to the table as well as enough liquidity for rehabbing (you can get reimbursed through draws, but you start out using your own liquid).

My wife and I are about to purchase our first property and have roughly $30-40k.My current plan or strategy:1.

We own a primary residence and plan to stay here (house hacking is not for us), and have been saving scrupulously for the down payment of our first investment property, ideally a 2-4 unit multifamily.