It is going to be a DSCR loan (debt service coverage ratio).

Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.

If you have a Buyer Broker Agreement in place with your agent, it may include the language that says all inquiries go through the agent, as well as what amount of compensation is due to them with any purchase you make as their client.

We've done numerous subject-to, private debt, and JV deals under her counsel. 

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The benefit on DSCR is that it will ignore your personal debt to income ratio for qualification, but you don't get the low down payment options of owner-occupied conventional or FHA.  

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If you didn't report your expenses for furnishing, repair, and renovation on your 2023 tax return, you may still be able to claim those expenses in the future when you generate rental income from your property.When you do start earning rental income and need to report it on your tax return, you can deduct eligible expenses associated with renting out your property, including the costs of furnishing, repair, and renovation.

@Tyler Case - You could offer someone a promissory note or a debt play, e.g. someone brings the downpayment and renovation costs and you pay them a flat 10-12% interest on their money with the plan to refinance their funds out down the road.

Then you’ll hire a general contractor who will sort out permits and oversee the construction, which includes a bunch of inspections like framing, electrical, and plumbing.