We are looking to buy SFR's with a lot of rooms and later on we would buy SRO's or create SRO's. 

In San Diego I'm renting 2 homes out, but I can't afford to buy another Investment here.

I'm on the west side of Elgin,IL and plan to make my first buy south or southwest of here.

Open to buy/hold, flips, hard money lending. 

An investor buys, flips, rents, manages people, and hold assets. 

She buys them distressed, renovates them, and then sells them herself for top dollar. 

Did I screw up by telling them I wanted to buy another property?

I want my property to appreciate so I can take the equity in a few years and use it to buy another house.

This factor can significantly impact your cash flow potential, especially if you're contemplating a buy-and-hold strategy.

There is also a True Portfolio program where you can buy a Second Home with only 10% down and can have a back end DTI of up to 49%.Best to have a conversation and go over all options than to take one lenders turn down.