If your DSCR has a prepayment penalty, you'd need to make sure you account for that penalty in the sales price to offset it. 

I want to get into real estate investing on the side for the long term goal of hopefully retiring early and supplementing income.

That alone could ruin the outlook for you, so just make real sure of the physical condition of the property.

The one habit that changed my life was contemplating how every dollar could create another dollar instead of a consumable purchase.

@John Mucilli I am NOT a fan of deal machine.

I agree with Afra at that price point it's best to start with flips that have $15K - $30K rehab budget to gain some experience and get a good team in place and then work your way up to larger rehabs with higher ARVs!

nice job I grew up flipping land I love that play still fund land flippers to this day is a niche of lending that I have carved out.. 

Part of the premise of hiring a manager is that they will manage repairs, including efficiency of repairs.Anyone can pick up a phone and throw unlimited amounts of money at a vague reported problem.

Most of them are seniors, however, so it’s a moot point.

Mostly on trade accounts with local businesses for the materials, some business credit cards, some of the contractors were OK with waiting 30 days for payment.