Purchase price: $38,000 Cash invested: $48,000 Single family, Home in an older established neighborhood needing complete updating.

I am in north Jersey and just purchased a 2 family.

I inherited the lease at purchase.

I am getting ready to purchase my first rental property, and am going through the process of what I want my leases to look like.

Purchase price: $750,000 Currently operating as a 9 unit mobile home park with single family home

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).

Purchase price: $588,000 Technically a duplex but its a single family home with an ADU built into the home using the space above the garage as the ADU living space.

Demand remains strong but even on peak dates with every park full the parks can't pack in enough people to fill up all the houses.Both Universal and Disney are expanding (Universal sooner) so that will drive up demand even more, but the problem is there is endless land out there so supply will always have a chance to catch up if developers get wind of new demand.That's why, at least for my own purchases, I'm focusing on areas with limited buildability where supply can't just scale in lock-step with demand for eternity. 

It has gone up ~$300k in value since purchasing. 

But if not, it seems like youre really only holding yourself back and trying to fill in the gaps with licensing, mentorship, and other time consuming activities besides actually investing in RE.If you qualify and can afford it, just get yourself a primary residence and househack.