Yes - Multifamily DSCR Loans can be a great option for this - check out this recent article posted last year on everything you need to know about Multifamily DSCR Loans (generally for properties with between 5 and 10 units) including comparison vs. traditional loan options!

If you take these steps you will know realistically your options.

Thank you for your help… Clarification: Current LA City STR Ordinance does not allow RSO units to be used as short term rental thus does not renew your host registration for airbnb or other STR platforms.

lets look at renting and refinancing options 

You've landed in the perfect platform to kickstart your learning journey.

I too am looking at Detroit as an OOS option and would love to see your neighborhood info.

Still, I would like to get the option from a respected member of this thread.

Online platforms like Furnished Finder can provide insights into the demand for furnished rentals.Evaluate the competition: Assess the level of competition in the market.

Get the cost analysis and blue prints done and work it out with the construction loan committee and start the work draw phase.The other options which can be a little easier is buy a home that will pass an Inspection/appraisal and not be "Subject to" but does need a lot of TLC/renovations and do it yourself.

BamX is a pretty good platform for agents to network with one another, brainstorm ideas, learn about sales & marketing, and much more.If you're on IG, check out @thebrokeagent and @nowbamI am also part of similar private platform for agents nationwide - happy to share more info on that if you're interested!