Most in these forums are solely concerned with the number of doors they accumulate and end up with portfolios consisting of real estate in zero barrier of entry neighborhoods that fail to perform as expected.

Jason,I agree with your plan to use the DSCR.Any traditional debt impacts qualifying for future traditional loan programs.

I am all for real estate investing and preparing our future so we can be financially stable from real estate and not have to rely on our W2 income to survive.I have been investing for four years now and have a few properties under my belt.

Make sure you don’t put yourself in a position to lose the $2.4m if it’s part of your future plans. 

Since i paid cash for new michigan home i can use it to finance the future MI rental home and pay it right back off again in 2-5 yrs if i need to,  Im going to try to not do that.I had come up with this plan all on my own but had no real idea of how to execute it and i had ZERO practical experience. 

Maybe.But with us being so new to the real estate game, I'm glad we were able to learn the lessons we did early on and are able to ask them going forward to any lenders we speak with for future deals.

I’m not expecting a big bump for next season though.

I have had to cancel several VRBO reservations of my own, with no expectation of any refund.

It will come up in a future search for open permits on the house....and then you will lose square footage value for one.

He advises on the strategic acquisition of properties that show promise for long-term growth, considering factors like location, demographic shifts, and future urban development plans.