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

Thank you  For DSCR Loans you are going to need to be 20% down minimum, however if you can qualify with conventional or maybe some local financial institutions (or go true private money), you may be able to find a higher leverage option

You must have purchased the property with the intent of holding for investment.There is no statutory holding period before it qualifies to sell and do a 1031. 

Leonardo,What's your purpose for moving the current primary residence into an LLC? 

Closet is currently used for storage.There is a coin-operated laundromat in walking distance that residents at this property as well as neighboring multi-family complexes use.

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

We recoup quite a bit of money and to qualify for it, they are not very strict, it's pretty liberal.

We aim to start with flipping houses to build capital for more significant future investments.Currently, we are exploring the option of finding a partner who is a resident of Australia and has funds to invest with us.The high cost of properties in Sydney is challenging ($2M), so we are considering exploring a more distant but cheaper market.Is it a reasonable strategy for first-time investors?

Verify everything on the application especially employment and interview as if the person you are renting to is taking care of your primary residence while you are away. 2.

Is anyone seeing demand for 4 brand new units that would qualify for residential financing?