Hello,I am in the process of purchasing a property for $1.17M and plan to put 25% down with a DSCR loan.

First, the best thing you can do is improve your screening process.

You’d still be using your funds, but by delaying ownership transfer, the expense would fall under your ownership period, making you eligible for depreciation.Discuss these options with your tax advisor to ensure everything is structured properly for IRS purposes.

This enabled Jeff to focus on learning the fix-and-flip process while having the financial backing to bring the project to life.

I ask you - is it worth it to make the move, take the cut, leave the boat and jump into the sea with just a floatie in order to get more experience in the field and chase a dream? 

It is smart to make sure of a reserve or your borrowers have the cash to get out of a crunch.

While Ohio and Texas are good options, Tampa's balance of affordability, growth potential, and rental demand make it a fantastic choice.

I'm navigating the process of purchasing a rental property for the first time and would love to hear the forum conversation insights.

Make sure the bedroom has legal egress in case of a fire, either a legal sized window to the outside or a door. 

It usually takes a bit of time to feel confident in your decision-making.