This can serve as a passive method to accumulate the funds required to kickstart your investment journey.

I am considering taking the CO/national real estate exam + course hours requirement and becoming an independent broker or associating with a small brokerage (I can see the benefit of associating with a firm experienced in the area and able to bounce ideas off of).

I have a new tenant and I now require someone to assist me with managing onsite.

You pay them down instead and usually around to the 25% to 30% credit limit to balance ratios for best results.

To sit in the 1st position requires repapering the higher equity deal with the low IR.Any thoughts on how I can access this equity without selling or refinancing the more valuable property?

Shaydon,DSCR only requires 15% down for a SFR purchase but there is no way to use the equity in a purchase scenario.

If you find a home that meets these requirements on the Coast (cash flow positive with a 9% gross yield) you have an interesting opportunity.Best of luck, let me know if I can assist in any way.

@Ken Chen under $50k => either Class C or D properties, neither of which we recommend be DIY managed remotely.Pontiac & the City of Detroit have properties that will meet these requirements, but are you ready for the corresponding challenges of dealing with low-income tenants?

Yes, absolutely require renter's insurance.

So rent for now.Own the debt until that balances--yes the underlying house price may go up, but that's fine you're also more equipped.