Yes, a lot of personal finance people preach the rent option, but house hacking is almost always superior. 

It is either rented or it's not and when it's not it can quickly become a financial alligator.I would be surprised if a duplex in Lansing was more expensive than a single family house in Maine.As far as managing from a distance without a property manager, I would not advise it personally.

Online auctions such as auction.com or hubzu.com or even in person auctions. 

I personally haven't heard the best things about CA tenant laws.

Business credit & personal savings How did you add value to the deal?

You're the only member and the activity of the property is reported on your personal tax return. 

I also prefer closing in person but it's getting rare.

@Olu Efunwoye I personally wouldn't pay for this, $40k for a coach? 

Hey Byron,So the advantage of doing Refi compared to a HELOC is that the heloc is personally backed to some degree while a DSCR refi is backed by the (hopefully) cash-flowing asset.

However, nothing tops in-person connection.