That said, we don't need to be next to family but being somewhat close by has advantages so those places are favored somewhat.The strategy is to buy, househack a value-add multifamily for 2 years then rinse and repeat until we can build up enough capital to either start developing, move to larger multifamily or the wife wants to start a senior care facility. 

DSCR Loans are going to be standalone 1st liens too (in addition to can't be used on a primary) - you should look into a HELOC or closed end second potentially

I see you're also in CA fairly close to Valencia, you do your SF deals in CA or OOS? 

It amazes me how many times I see REI OK with a property that has negative CF (meaning the cost of that property keeps adding up, and profit never happens), or the payback period to cash recovery hovers close to 20-30 years...then they justify it by saying the property will appreciate over that time period, so that's OK. 

In addition, the buyer's closing agent may balk at it if they know you prepped it yourself or scrutinize it more closely. 2.

What is great about my location is that I am close to Damascus, VA.

It's all available public information.He is pushing buying properties for full asking price and using gap lending "gator lenders", (unsophisticator investors), to lend the money for the deal to close. 

Hey Account Closed, if you are really close to the university then you could look at student housing.It has it's own challenges of course, but can be a good way to keep full up.Students can be hard on properties, but they also don't demand much.

Closed yesterday on a 3/2 under 70k with 1300 sec 8.

I keep track of what I spend on materials pretty close, but I use excel.