@Pete HarperHey, I was curious to see if you made any progress on your tiny home project.

Good luck on the project!

You will realize that your own capital will never suffice and that you’ll need to learn how to raise capital - as much as you can - for many projects - over years.

.: Quote from @Steve Vaughan: We're all peaches and cream compared to Bob Bowling the cap rate dictator, Thomas S the tenant and property management Nazi and Uncle @Bill Gulley educate the right way or no way.

DSCR is still Income/Expenses, but they add in more expenses like vacancy factors, management costs, replacement reserves, etc into the expense side.

My current project is to remodel two buildings in a commercial shopping center in Wimberly, Texas. 

Property management, monitoring performance, and growth strategies like BRRRR can help scale a portfolio.Good luck!

Am I correct in thinking that you officially have Rental Property when you sign up with a property manager?

Your key considerations include loan approval, property management, market research, legal ownership, tax implications, and an emergency fund.

A simple explanation is DSCR is to finance the property based on the income or projected income of the property and a HELOC is like a credit card that will be given to you base of the equity of the house you are putting as collateral. 2 diffrent products consulting with a good mortgage broker that will provide you the information depending on your needs.