I am, and BP is, certainly a proponent of real estate investing, but I am also trying to establish us as a place for sober long term thinking.

Make sure to dive deep with your lender on the analysis to ensure you make the right decision based on goals, short and long term. 

I know i have a long road ahead of me to able to achieve this goal, but I'm very motivated to make it happen.

So let’s say you are looking at a duplex (2 unit) as long as the rents total per month from the ( 2units) are equal to or greater than the PITI payment its approved.The way you shop for the home is by sale price and using the loan amount after down payment as your calculation.

DSCR loan" is a term used in single family. 

Purchase price: $10,000 Cash invested: $32,000This was originally a two bedroom house upstairs with kitchen dining room living room and a bathroom downstairs with like a mud room for say.

I've heard of instances where I've seen the investor do well long-term and some where the investor has been able to build and sell or just hold and eventually sell if new developments are coming up in the surrounding area. 

These residential units could also be very successful short-term rentals. 

Or do you need cash and therefore looking at doing a HELOC to get it?

I’ve been keeping an eye on the short-term rental market here in Indianapolis, and it’s definitely heating up!