You earned a solid amount of cashflow for the years it was rented well, and made a big dent to the amount of equity you were able to gain from this.

-stefanHI Stefan,I’d advise to get those 7 properties and current returns for 2021 reviewed so you can plan out your rental income and your earned income going into 2023, we’re at the end of 2022 pretty much right now so its a great time to get a jump start.

Learn and earn as you go and once you think time is right then go full time unless you have no problem financially.

Don't just give your hard earned money away.

I suggest you connect with someone find them deals, earn save then go on your own, Good Luck BTW where are you trying to buy ?

These loans would be your DSCR loans that qualify the home based on how much income it should earn. 

Simply enter some information to view projected key return on investment (ROI) metrics, including cash flow, cash-on-cash return, net operating income, and cap rate.Minimize risk by investing in a pre-inspected, turnkey rental property with a tenant in place to earn cash flow beginning the day the deal closesBegin the loan application process early, because sometimes lenders require more paperwork than when you’re financing in your home stateHire a good local property manager who has experience working with out of state investorsWhile buying out of state rental property does come with some risk, investing the right way helps to minimize those risk while maximizing the overall returns of your property portfolio:Key reasons for investing out of state include increasing cash flow and portfolio diversification.Affordability, matching markets with investment strategy, and property affordability are three advantages to buying real estate out of state.Turnkey rental property and a local property manager help to reduce the risk of investing outside of your home state.All the best!

I do not believe that you have to be licensed in the state of where you sent your referral, but I am not certain.I will be watching this thread closely to see what the actual answer is as I just earned my MLO license as well, and am very interested in the official ruling.Thank you for the post!

The market peaked in June and my guess is we'll see prices drop 10% - 20% below that before we hit bottom.

If the investment goes south the operators will have to take a loss from their earnings so that the passive investors is happy and comes back.