Not to mention the emotional toll it takes on a property owner and the aftermath of finally getting your property back then perform expensive repairs.

I purchased a duplex in Carlsbad myself last month...interest rate wasn't great (mid 7s) but they could be worse I guess and I can't wait around hoping they'd come down.

I'd go reread the posts that mention that.

Like everyone mentions below, it is difficult to make it worth it in todays environment to beat the heloc rate, but it’s access to capital at the ready for you to use in the event that you find something crazy.

As others have mentioned, if you can commit to using the property solely as an investment and won't occupy it yourself at any point in time, DSCR will allow you get around the DTI/employment/income issues.

@Yasmin SharbafAs mentioned how did they calculate square footage?

You mentioned that you are planning a relocation with your wife and kids, Saint John's schools are known for being top rated schools in Florida.

Listening to BP podcast they mentioned the importance of protecting your assets and provided insights on Trust.

I mentioned that a realtor gave him a price, based on other multifamily recently sold in our area, in which he should be able to get for it.

You did not mention any payment issues, have you been collecting mechanics liens with each payment installment?