I would like to see the negative connotation that DSCR loans are more expensive and always have higher rates compared to conventional. 

Wanted me to pay for all their supposed expenses by reducing the rent.

One crucial stipulation is that the property must be rented for 7 days or less on average.

I make a little over 100k a year and have 50k currently ready for a down payment. any insight would be helpful.NJ/NY is crazy expensive so I'm not surprised you're looking out of state.

If your income is strong and taxes are accurately reported, you have a shot. 90% of investors write off more than they make so this upside down calculation is what causes the average person to qualify for HELOCs.

These are independent contractors and should not be employees (very expensive if they are.)Please consult with a licensed CPA and Attorney in your state.Good Investing...

Rental bought in 2023 and initial return.For assets - Cash, depreciable assets less accum deprn, landFor liabilities - Open credit card balances (Charged rental improvements and expenses on 0% interest credit card)Partnership equity - Cash contributions less net lossMy assets are greater than liabilities + partnership equity

Open up a separate bank account just for your rental activity.At the end of the year, export the date into excel and properly classify each transaction as income or an expense.

I’m a truck driver recently just moved out my apartment to cut expenses and start this journey of planing the long game with real estate.

Analyze the finances in detail to understand the potential ROI, cash flow, expenses, financing costs, and tax implications of each property.