The high visibility of listings on these platforms often leads to intense competition, making it challenging to secure deals that align with your investment criteria.I highly recommend identifying a target market and cultivating relationships with local wholesalers operating in that area.

I have been considering a DSCR loan on the Townhome to get some of our cash out of it. 

Where most focus on passive income is getting started as you mention with a percentage of your portfolio but really the main goal most look for is to have income when they retire outside of social security that can continue to allow them to retire.For most this is not at 30, 40 or 50 but much later in life.

It depends if you have a lien on title already (a mortgage or hard money loan), but I would either do this as a hard money refinance or a DSCR cash-out refinance to pay for the reno. 

Some people cater to visiting sport teams.Some people like to flirt with risk.....just saw a guy near me get reported for is AirBnb that he used a VA loan to buy, but never occupied it....too many parties, neighbors complained, he still didn't stop it, so they contacted Inspector General and reported him for loan fraud. 

Here are highlights of the program right from their website:Program Benefits-A 30-year fixed interest rate mortgage loan, several rates and loan options available-Down payment assistance (DPA) 3% to 5% of the loan amount-You do not have to be a first-time homebuyer-DPA provided as a grant (never needs to be repaid) or 3-year deferred forgivable second lien loan-Available statewide through a network of participating lenders.

I reached out to over 15 local banks and I would say 3 are willing to do a HELOC loan.

As-is the house is worth about 250k and will be worth well over 300k once rehabbed, but I’m hoping for 24 month loan.

But, it also means more work in managing, tricky loan processes, higher start-up costs, and the risk of market changes.Lubbock, with its high need for rentals and low-cost living, is a top spot for duplex buyers.

Then we will continue to close the $5M SBA loan showing them that we have that gap... and proof of funds at that time