While buying one that’s up and running might seem a good idea - paying for speed - if you’re not quite ready, sometimes the best deal you make is the one you don’t make at all.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

Would it generally be a location that tends to have a higher cost of living? 

I grew up north of San Francisco and then moved to live and invest in Reno, NV.

(I know, nothing is certain but just hypothetically) and all cash out loans are not created equal. if you have a lot of equity you can borrow up to 60% with the lowest rate possible, which would be close to a half point lower then borrowing up to 75% loan to value. 

Or, what assets are going to back up the guarantees?

While that kind of income is not a deterring factor, when I looked over the terms of service many big red flags came up.

You are not paying for their services and won't cost you anything extra anyways. 

I have one lender that will go up to 85% but need 720 credit or better and 1.25 DSCR no rural areas

All that means is you've got bring your best to all aspects of the property and the listing itself -- location, furnishings, photography, heck, even the listing headline all matter a lot.At the risk of pitching here, my wife's YouTube is filled with a ton of great MTR content on setting up a listing.