I’m getting DSCR loan quotes for around 8%.

I am estimating a build cost of around $200k - $250k on the high end due to the savings we will be getting from my FIL and our labor.

I guess my question is, how do I get a loan for a flip when I don't have 2 years of pay stubs.  

I know a few agents, a few contractors, and a real estate attorney, but need to build a relationship with a good lender who can do competitive DSCR and rehab loans.

I am trying to get interest only loan to scale my portfolio and increase my cash flow.

DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Could you come up with 10% down and buy in a market that is over 50 miles from you and use the vacation home loan?

Also, I won't profit right now from rental income - only my IRA will profit (yes I know it's me later in life), but I want more capital now so I can pay down my private student loan faster and repeat the process with other properties.The place is 1 mile from the beach, 2 minutes to the bus stop, 1 mile to the train, and less than 1/2 mile to a new mixed use development that will open this spring (just the 1st phase) and it's a 20 - 30 yr mixed use project. 

I have a few seller finance deals that I am currently rehabing and was wondering if anyone had any creative ideas of pulling the renovation money out while still keeping the seller financing loan since they are 0-3% in place. 

What if you bought the second property with a loan such that it was also cashflow-neutral?