Once it’s seasoned after 6 months, refinance through a local bank or credit union.Now, I am a fairly new investor with my real estate license and a few units under my belt but I recently left a regular 9-5 and want to see what my options are in order to refi on the property with no W2 income.

I have the first one under my belt and am looking for the next.  

@Shella Sanders Did people site their reasoning for not purchasing your 15k house?

So when I'm actually living in the house, my strategy is to get at least half a dozen of LOA's under my belt.

All four of us participate in ATA Taekwondo, and we just earned our 1st Degree Black Belts in June.  

I have been primarily looking at the rust belt.   

The end goal is really just to be able to build up our worth to where we can start having rental properties under our belt while still rehabbing and flipping.

That way you get some experience under your belt and then can slowly move up into bigger projects using your inheritance almost as a private lender that you pay back using the BRRRR strategy again then rinse and repeat.

With the first deal under our belt hopefully things will get a bit easier.

To get around this I opened a personal checking account and as soon as rent is paid I transfer the funds to my properties account.Hope this is another tool in your tool belt (at least until fees start showing up).Best regards.