Probably, but "you can get away with it" isn't a long-term strategy. 

Spent a year (and counting, lol) fixing it up but I personally love the strategy for acquiring new properties. 

As I continue to gather up my strategies & game plan on investing out of state, the more I think of which investment makes more sense for myself.

It depends on your strategy: are you looking to do a long-term rental or short-term?

@Patricia C.When you're looking to purchase a third home but are already maxed out on your mortgage capacity, there are several strategies you might consider to improve your chances of getting approved for another mortgage.

Bailey, Are you still considering this, I am currently considering this strategy myself...and would love to discuss with you!

And there is a wide spectrum of syndication strategies that span a wide spectrum of risk versus reward.

As a private lender for first time borrowers, I want to see low LTVs <70% and a good grasp on how the deal is going to go, what exit strategies are possible, and realistic expectations.

Send me a DM and I'll let you know a bit more about some different strategies that I'm using right now to find true off market deals. 

Its slower but very powerful strategy.