It can be an easy way to get into investing and solid cash flow and you can accumulate them quickly.

If those numbers are correct for MTR, I would do that as long as you can until it doesn't make sense or you get tired of running it (if you are doing it on your own) and save up as much as you can as you said you plan to do.

Basically, the consensus is that you just need to fill out an additional CA tax form every year once you go out of state, and that can be done by your accountant. 

I can get coverage through Texas Windstorm Insurance Association (TWIA), but they would not insure without a new roof that meets their standards.

What matters is that you're about to buy a property that will help you offset your mortgage in a big way, shoring up your reserves that you can then use to buy another in a few years.

I have always loved Michigan and am looking to buy a personal property with lots of land over 20 acres that I can visit on weekends.

I might be eating these words later, but as far as I can tell, at least here on the Oregon Coast and beyond the market crash everyone is waiting has not materialized. 

You could also possibly partner with a relative who knows / trusts you to make up for any shortcomings you may have.After that, presuming you have good credit, you can go to a mortgage broker and they will evaluate your credit and financial "worthiness" against their requirements for their lenders to lend to you.  

Why i ask is i am looking for a DSCR loan and hoping to see better loan rates soon.ThanksRyan,In my experience, timing the market can be a difficult thing.

Are there any lenders who can lend on this?