You would likely need another loan (DSCR, commercial, hard money, portfolio etc.)https://www.bankrate.com/real-estate/commercial-real-estate-...I hope this info helps!

It really comes down to your level of risk, how much you want to spend, how knowledgeable you are with the area, and if you want to be hands on or hire a property manager. 

I think the challenge is that local meetups tend to be held in restaurants that cost money and they don't attend.

But it got me thinking.My Father's house flooded while I was trying to rehab him in Austin, and then his house got hit by edge of tornado, so there is a little over $50K in Insurance money.

Have you ever heard of hard money loans?

You will receive most if not all your benefit in year 1.Year 1 is where you will spend money furnishing the house and potentially taking bonus depreciation via cost segregation study.Year 2 and onwards, assuming you got a performing asset is where things will reverse tax wise and you will likely be reporting positive taxable income.

Learned a lot and made money so it was a win.

For some people it comes down to spending-some people can make 3x their rent and still be short money, others could make 2x their rent and always pay on time.

the best plan might be to charge you full price then refund the money equally to you and your sister to avoid maximum taxes. 

We bought our 1st home, saved some money and bought a duplex investment property.