When we bought we were able to secure a 3.5% rate, put 20% down, $30k in renovations.

Durable goods like fridges, cars, and houses give us more control over our time and resources.

Also, while the work to be done on the house is not major, I was hoping to have the house pay for it.If a lender will do a DSCR based on a Section 8 proforma, that would be great.

Hey @Jordan Dzubak, so a quick look on VRBO showed quite a few rentals on the lake.The average nightly rates is highly variable but that is dependent on size and location of course.What you can do is drill down on VRBO and AirBNB to see what is out there.

If you have five houses with $200,000 equity, that's a cool million.

Also, if I was to take out $50k from the first property to put a 25% down payment on the second house, would there be an easy way to tap into the rest of the equity in the first house if I wanted to take another $50k to buy another house in the future? 

That is way too overleverage, and if a lender offers that to a first-time investor, you will be ripped off with rates and points.

We've have about a 20% response rate and our delivery rate sits around 95%.

Hello, I am currently in the middle of renovating my first house hack/deal.

The apartment consists of (23) one-bedroom, one-bath, (3) two-bedroom, one-bath, (1) three-bedroom, one-bath house.