That being said, if doing so, what is the best way to go about it?

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Investing is so neighborhood specific that a general mentor would only provide basic information that is free on any podcast or social media. 

So yes I think this is a good deal, not sure how many partners you have on this deal but I think your decision depends on how much each of you need to make on the deal for it to make sense and how quickly you all want the return. 

I'm a newbie so not trying to be taken advantage of.

Derek, so assuming I get a 300K from equity via cash-out refi and I purchase a new property in full cash with no mortgage but with enough monthly cash flow to cover the new loan amount of $494 K ($194K + $300K), wouldn't it be okay to take this consolidated approach with one loan with two cash-flowing properties covering the monthly mortgage and other expenses?

Every so often one of the older homes in the old city center will come up, and those are always worth a look, but it is pretty rare.Celina also very nice place to live, but probably tougher for investors. 

Thank you all for all the information and knowledge you folks share in this platform, found out about bigger pockets through a podcast and I was like whaaaattt, these folks know what they are talking about I can learn here so much.

I own a property management company so it is easy to support this role.

In our case the seller needed the loan off their record to purchase a new home so we went through the proper channels to make that happen.