I'm trying to learn from my mistakes, including being able to read a title, getting all other information (liens, loans, taxes, etc.), fully researching before I buy a property, getting a lawyer to help in future bids, title insurance, and home insurance.talked to a title insurance company they said my my title search is an abstract does that mean there might be vital info missing regards to more money i might have to pay  ?? 

So I bought my first house for $605k at 6.4% with a conventional loan 5% down.

How long will you have to carry the debt before you have enough homes paying lot rent to cover a 400K loan.

Purchased home using VA loan.

I was planning to use the FHA 203K loan for Acquisition with Exit strategy for flip or Rent and Refinance.

An MLS is useful in the US and Canada because property are valued in function of comparables as determined by the MLS and lenders also use these values to determine the LTVs for their mortgage loans.

To make money you have to get a good loan and leverage, appreciation hopefully, HOA can't control and keep it rented.   

Even if you are actively operating as an STR the lender will look to tax returns for income, so if it has been less than a year they will still go on LTR income.You need to factor in that your lender is going to underwrite any loan based on LTR income only. 

@Pedro Adolfo Garcia you will not get any loan from banks and your LLC will not get any loans for first 2 years as well.

For our previous investment properties we used a home equity loan and cash to buy and paid it off in a few years.