What I'm struggling with is the fear that the economy could take a turn for the worse and get upside down on the project, which I understand is always on the table but wanted to see what everyone's thoughts were as far as waiting or if it's better to just start as soon as possible?

We are requesting ideas from the BP community on how to take a creative approach to landing our forever home, while being financially responsible, and working within the limitations of the seller and ourselves.

Remember, it takes time for the universe to put things in place for you to get them, but, they will come. 

I’ve heard some lenders will take 75% of future rental amount to help qualify.

can utilize the no income no doc DSCR loan which works beautifully and can take upto 80%  Really think we should stop using "no doc" to describe DSCR Loans - really isn't accurate and adds unneeded stigma around the loan product What types of "docs" do you require for a DSCR loan at easy street ?

You likely didn’t get $100K in debt overnight and it makes sense that it may take a while to get it paid off.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

@Emelie Deans Finding a CPA that specializes in real estate taxation is definitely a necessity to be able to take advantage of all the tax strategies. 

Thanks for taking the time to share!

These kinds of places are Works of Love and a life style - - are you looking to live there and take on a new life, OR are you an investor looking for a return?