My background is custom residential, everything from large single family residences to more compact 2-4 unit projects. 50/50 mix between end-user projects and spec homes.

Your current situation unfortunately would not qualify for that.

I am a resident in kansas city and have being looking for turnkey properties but no luck from the past 6 months.

You likely have obstacles around convincing your family, capital to fund a deal, and location - but every single one of these obstacles can be solved.If you are really serious, you should talk to a lender about what you qualify for and see if there is an opportunity where you live in to purchase a home for 0% down - it is absolutely possible and have seen clients, and myself, actually do it.

Here's why:- unless you strategically reported your taxes as making 100% income and not reporting an entire loss on your schedule e - you will most likely not find a lender who will qualify you for a HELOC.

They have the lowest rates we can find and since they are 30 year fixed...they allow us to cash flow better...which helps us qualify for other loans later.

The three pillars that qualify a DSCR loan, your credit score, loan to value, and the DSCR score ( gross rent / PITI(a)) - getting preapproved should be no problem as long as you have enough down payment, usually 20%, closing costs, and reserves. .

General requirements would be 20% for a 1-4 unit property, DSCR of at least 1.00x or greater, and you can qualify with a score as low as 620.

My name is Michael and I am seeking advice on how to go about my first purchase.I bought my first property as a primary residence for $258,990 with an FHA loan at a 4.875% interest rate. 

Happy to chat or answer any questions you have.I do reside in California