My favorite link for the proper order of investments is https://mymoneywizard.com/correct-order-investments/.Jump in.

We're doing 30 and even 40 year fixed using 80% of AIR DNA to calc DSCR. e  Alex, the quote on 30Y Fixed was 7.225% +2 origination pts, with 75% LTV, 5%-1% 5Y stepdown prepayment penalty.

I have about $1M liquid currently but wouldn’t want to invest more than $200k on a property.

Hi @Jeff E. - sorry to hear about this.

The BRRR method is a favorite for scaling, and I’m sure you'll gain a lot of valuable insights as you make that transition.

You also want to look at your liquid reserves because as you buy more rentals more PITI reserves are required and a Heloc can "Never" be used as an asset or for a PITI reserve.If you evver have any questions feel free to reach out I enjoy talking REI and I deal with them every day as  Banker.  

However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates into 2025).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

After you are up to speed, please reach out to me directly by e-mail or phone.  

They (HOA manager, HOA president, and HOA attorney) inform me that there's a super lien on the property and that I have to pay it.Of course I pulled an O&E before purchase and there was only the mortgage lien (foreclosing lien) on the property. 

we manage around 40 right now (used to be at 80 or so) not my favorite program for sure but in some areas and for some homes it is the right path to take.