DSCR can typically go as low as 20% down. 

Costs to cure.

Focus on building a business model that outlines your value proposition, target market, revenue, cost structure, and key activities/timeline.

It’s great for investing from out of state since it’s landlord-friendly and has a low barrier of entry and cash flows.

If you are in a low tax bracket, it really may not be worth claiming. 

Howdy BP, If you were an investor with $2-4M to invest (leveraged against another property at around 6.5%) and looking for the lowest energy and management input but the highest free cash flowing asset, what and where...

We purchased our primary property here in Hawaii in 2021 and have found immense benefit from the property setup which allows us to rent out our "ohana" unit (mother in law) which covers our mortgage costs.

The low initial investment and high resale value made it an attractive opportunity.

A few things to consider: are you increasing rent each year to at least try to recoup some of the additional costs (everything goes up, so why should the family member not pay more-if it is your parents, it is more complicated), how much has the condo appreciated over the last 3 years since you bought it, and what would you do with the money when you sold?

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!