Have you determined what your exit strategies would look like?

Some go for $700k plus and are designed as high end student rentals and others, in Bryan,  sell for $200k but need a lot of work.

Hi Alicia,It would ultimately depend on your preference and strategy, but moving into your second home would allow greater leverage than buying a rental.

Develop strategies to address each risk factor.Professional Advice: Seek guidance from real estate professionals, including real estate agents, property managers, and financial advisors.

What would be your strategy?

Even on most DSCR loans, you'll be looking at 20% down, so your best bet for low(er) down payment would be to utilize a BRRRR strategy with a rehab-focused bridge loan into a DSCR to get it stabilized and cash flowing.Be sure when you talk with potential lenders to make sure that they are licensed to operate in NY as well.

The best strategy for you is to find someone who's doing it well and try everything you got to work for that person.

As of the date of this Agreement, Landlord warrants that the Property sewage drains are in good working order and that they will accept the normal household waste for which they were designed.

Lots of factors to look at depending on the investors goals, strategi, and capital.

The overall goal for the property is completing the BRRR strategy and holding the property long term for long term tenants.