This also allows for a newer investor to network, partner, and build relationships with lenders early on, so they are not stuck trying to find lending options that will consistently throw them high interest rates and higher origination fees. 

DSCR will not allow for owner-occupancy, and also will require much larger down payments.

I am open to Collaborating with like-minded individuals which allows us to pool resources, share expertise, and pursue larger-scale projects.

You presumably wouldn't allow that happen if you still had equity in the deal.But, if you did lose the property to foreclosure, it would be auctioned off.

if so, take a refi that gives you 20-25% of the new purchase down payment. this will allow you to keep the cash flow high on the existing and have those funds as down payment to get a loan on the new. 

We could start with a queen bed or a day bed/trundle which would allow more usable space for other use. 

Your capital won't allow you to build either.

In many cases, rental losses can be deducted from your taxable income, but there are limitations and eligibility criteria that may apply.

@Brandon Chung unless you stumble into a fantastic purchase opportunity, your best option would be to use an FHA 203(k) loan to purchase a 2-4 unit fixer upper.The 203(k) loan allows you to include repair funds in the purchase loan amount.Once you are all done with rehab and leasing out the units, you can refinance into a conforming FNMA type loan (can usually only have 1 FHA loan) and repeat.

Continuing to house hack allows you to expand your investments at a manageable pace and maintain a lower risk profile, aligning with your commitment to your family's future.Our whole portfolio is here, and it all was made possible in the beginning stages by house hacking and equity build.