A debt service loan would be a good option if your DTI is high, you want to close in an LLC, you're self-employed or have low income on paper, or you don't have a stable 2-year work history.

oh, and since we are in Western Washington state, it is very expensive and tenant friendly.

I’m also open to exploring short-term rentals, private lending, or passive investing in funds—anything that maximizes returns while keeping risk and time commitments manageable.For context, I’d consider leaving my job if this could become a full-time venture that surpasses my current compensation (low-mid six figures).

So, I would suggest at least raising the rents, just to cover that increase in expenses.

House hacking is a great way to build wealth while keeping your living costs low.

Depending on how big your portfolio is it might be more or less expensive for you.

Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesThey have a "statute of limitations" - (with a third "T"  ;-) of 10 years from the date of the transaction - 10 years from now, you could get a very nasty call and hopefully, you put your reserve money in a good account that grew to cover legal expenses**********************************************And the universe could blow up as Doc says in Back to the Future " But, granted, that's the worse case scenario." 

Most of those old houses with the upstairs ceiling rooms are just about 7 ft in the middle of the room but they go down to as low as 3 ft.

Low entry costs How did you find this deal and how did you negotiate it?

Income would be from hunting dues and timber harvesting, expense would be conservation management, taxes, and the mortgage.