Even better if you buy 2-4 units, live in one and rent the rest - then repeat every 12 months.

Good evening to all,Happy to now be part of this big community and I’m excited to take notes.I’ve been interested in investing in delinquent tax sales here in Houston.

What I love about them is they will even accept the higher lease amounts over the market rents if we can show first month's rent and security deposit.

So we don't even have an approved inspection much less a lease with this potential tenant.

Even more so if they have to haul firewood up to the attic.

You typically will see small banks/credit unions probably wouldn't be able to out-of-state, but otherwise any mid-size company or larger should be able to.So would Bank of America be an example of national even if I go to my local branch?

What about having to break even, or even feed the property every month $200 for those same 36 months, but at sale, could net a $75K-$100K profit?

I’ve currently got a 3/3 and generally there’s 2 of us living here but when my daughter and family come visit, 5-6 people having even more than 3 bathrooms would be a plus.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.