Just recognize the rate would most likely be in the double digits, especially if the portfolio loan is not in first position.

Most chase the money and shrug off the lower risk proposition that will allow them to eat well for a few years.

One block can perform very well, and another block will destroy you.Before you invest, I recommend you locate a quality PM that can help you narrow down markets, determine which rentals perform best, cross-check sales prices and rent rates, and take over management right away.The biggest mistake you could make is to get talked into buying in the wrong neighborhood and then learning that the good managers won't touch it. 

Some loans like DSCR (Debt Service Coverage Ratio) loans are based on how the property operates as a rental (income, expenses, etc). 4.

I’m new to the area and would like to get started in my real estate journey!

Also, try to depersonalize the property as much as possible and get it in a state that looks like it's well managed. 

@Henry T.Sorry but I don’t agree - this is like saying lawnmowers are dangerous because 75 people per year die from them.

Brian,Have you considered buying out of state in places like Indiana, Ohio, TN, FL.

I do these project, but I am going to PM you the contact info for an A/E with a lender that does larger investment projects like this.

Some things came up in the inspection that increased my potential rehab costs to 20k on the high side, likely 18k.