My Wife and I are looking to purchase our first rental to start building cash-flow (typical story, building generational wealth).

Interest rates and insurance premiums are breaking some deals.For your cash flow estimates you should double or triple your estimate for insurance and see if the deal still works for you.

Cash / very fast close2.

My first deal cash flowed $300 a month, and the second $500.

I'd like to maximize my income stream somewhat quickly (5-10yrs) while also obtaining monthly cash flow properties.

Can you get a loan or pay with cash?

The investor may have access to lower rate/fees Hard Money; to be a more competitive buyer with little to no contingencies; property may be need to be rehabbed and after adding value may be doing a cash out refinance down the road.

You also have to consider loan amounts typically need to be above $250K will carry a 3-5 year prepayment penalty.The biggest thing I see is loan officer are quick to offer a pre-approval for you but the fail to run the DSCR/Rents ratios up front.

Economy of scale kicks in and they cover each other and still leave cash flow.

I am wanting to do a cash-out/refi on a property CRA is auditing my 2022 taxes, bank won't initiate an application if taxes show owing.