You'll want a healthy emergency fund in cash (I usually recommend 3-6 months of expenses) before you begin investing.

This is a recommendation based on you trying out being a landlord to manage on your own to get some hands-on experience.Congratulations on your first step towards your income-producing assets.

DSCR is very healthy, 5 years gives me enough time to catch up on rising rents before am kicks inOption 2: 1.75pt 4% 30 year fixed.

I am a full time house flipper, excellent FICO, healthy liquidity and healthy assets.

So, if you're working with someone that has income (and can prove it) producing property in the area instead of someone who flies across the country and know as little or less than you do... you'll do better than I did.  

They know the clock is ticking and they need to produce (Pay rent) or move.

When the house is completed; and permanent financing goes on, the construction loan and note to the seller gets paid.If you are inexperienced, you may need to put up a healthy non refundable deposit to be released in July, and put a limit on the amount of the construction loan.

A healthy flow of leads will solve many problems.

Acquired just 3.5 years ago, produced a ROI of 79%.

My end goal is to produce $40k-$50k income per year from all of my real estate ventures combined.