Many HELOC or second mortgages are fixed interest rates and depending on the loan amount, even offer 100% online and no appraisal requirement for issuance.

While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks​​.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.

With current prices and interest rates, you're not cash flowing with LTRs.

Another great option is to join a note investing group for a nominal monthly fee.

I thought, who does a 5/1 arm right now, rates are the lowest they have been in years?

I am opening a business in Mexico city (Hair salon) for my wife so get some short term income, Also I am heavily invested in the US stock market but at this time it is not going no where until we have some rate cuts. 

I have actually seen people that claim to have a great investment, but neglected to put something like property taxes, repairs, insurance, management fees, or payroll in their numbers.  

Scott Trilling with IU Credit Union is also a great resource and may be able to offer better rates than traditional DSCR lenders, depending on your situation. 

Long term I anticipate construction costs will generally soften as the high-rate environment continues and stifles development.

My CPA is saying I have to pro rate those expenses for the number of nights that it was actually rented out, but I can't find anything online that confirms that.