If you qualify for conventional financing I would suggest doing the conventional financing with better terms and you can protect your assets using an umbrella insurance policy.

I like to schedule 15 minutes showings back to back and get several qualified potential tenants to come during the same window.

Investment Info:Single-family residence buy & hold investment.

I reside in Houston, TX.

Hi Amanda, DSCR loans are becoming a popular financing option for investors since there are no restrictions on the number of loans you can have, and you can qualify based on the rents covering the full mortgage payment, no personal DTI needed. 

Regular vacation properties and second homes can struggle to qualify for a 1031 exchange, but this property in La sounds like it might live in a gray area.Your first step is to make sure that this property is a good candidate for an exchange.

Or 15 if used for personal residence.  

Investment Info:Single-family residence fix & flip investment.

Download the free calculator here.After seeing these numbers our client's often want to house hack, but are concerned they can’t afford the downpayment or qualify for a mortgage loan.

Leave VM's.3) Try prospecting, get a list of high equity properties of older homes, market to them with mailers and call, ask them if they want cash fast and get rid of the home.You'll nee to send a lot of outreach to find interested parties, and from them it will take several to find a qualified deal, That's how it works.