15yr Fixed equity loan base rate could be as low as 10.25% at 100% loan to value, with a base APR as low as 10.25%.

I suggest you use around 10K to 15K to get a hard money loan set up at 100 percent funding (no money down) to renovate a property and then rent it out- but do not target making just enough to pay the mortgage.

If you are just getting out of high school, I don't know that a large DSCR loan seems like a good idea or possible, but maybe easier if you haven't built a ton of credit yet.

My spouse sees the cash flow coming in but is also worried about the risks that come with it such as having a loan for a property rather than having it all cash/paid off.

When it comes to finding a lender for a DSCR loan, does the lender need to be in the same area as my property, or can I choose any lender, and they'll get me the loan out of state? 

Loans are non-recourse.https://www.biggerpockets.com/member-blogs/7993/73151-what-a...

@Quiana BerryI was able to do exactly this ~3yrs into a NACA loan.

This makes it to where I will not qualify for a traditional loan.

Purchase price: $92,000 Cash invested: $6,000 I bought this property with an FHA loan.

You're the prize for the lender, just as much, if not more, than they are to you. lenders need to loan money for their business, but they need to loan it to responsible people that will pay them back.