If you are looking to tap into equity of an existing rental property, your best bet is either cash out refi using DSCR loan or 2nd equity loan.

I hope you can see how we finally have more active listings even though if you are a buyer it doesn't seem like it for April. 

Finally, a good contractor is one of the hardest things to do.

Build a team of people to help; an agent who isn't trying to talk you into every opportunity and knows how to analyze a deal; a lender who offers you all the possibilities; an inspection company that can get things done quickly; finally a property management company that comes with good referrals.

I have finally saved up enough to buy my first rental property.

Just a standard conventional loan?

Someone who can structure hard money loans and JV deals.

At most MLS prices, you will not even cashflow $100-150/door with a 20-25% down commercial loan.

I'm not sure what laws you think are unclear, but the loan requires occupancy within 60 days.

What loan would suit the purchaseIn my early 30s, I often wished my parents had told me to buy a house at 18.