It can still qualify if it's a fixer-upper, as long as the rental income from the property can cover the debt service.

Start by getting pre-approved for a loan, ensuring your credit score, debt-to-income ratio, and finances meet lender requirements.

I would keep it in a high interest bank account might as well earn as much gain as you can no matter how small it is.However I think some debt pay down would be great not to the point where you are not liquid enough to Jump at another opportunity or can’t make a major repair when it arise.

Although with the NAR settlement you may need your RE agent to negotiate that in. 

Note origination where the borrower owns multiple properties with little or no debt, needs a loan for an acquisition, but can’t produce proof of income sufficient to get institutional financing.  

were these all BRRRRs that were purchased with cash or short term debt and then refinanced? 

@Jerry Velezif a property is owned outright with no mortgages, debts or liens on it, then it can (potentially) be purchased on seller financing. 

It's effective interest is similar to Mezz-debt at current rates but a bit lower.   

There is no UBIT because your investment isn't leveraged with a mortgage or debt.

My client had some things come up that prevented her from executing, but these were some of the options I had put together for her, a regional bank, a regional CU, and a national bank.Reminder that NOI sizes CRE debt, and that's often what determines the down payment requirement, not anything to do with the client or particular lender, just the property itself.