This property is in a great area for me in North Arlington (great schools, stones throw away from a huge community park, and close to I30), and the plan is to live in it for a year or so before renting it out (I’m sure I’ll be picking your brains when the time comes!). 

You can always double close though, so it doesn't change much. 

@Liam Willder because If you purchase with a DSCR it is expected to be occupied by a renter, often by the time the loan closes or shortly thereafter.

I originally wanted to invest in PDC but I cannot find a condo for my price range $80-110k close to beach anymore.  

In Houston, Tx we get traveling nurses, divorced parents wanting to be close to kids, students, traveling professionals, and just people looking for a way to budget their life.

Then, you're likely better to stay as close to home as possible until you get your feet wet. 

In my market, this can easily lead to increased home prices, closed transactions that had no inspection where there are a lot of issues that could have been identified by an experienced agent, and a bad taste in the consumer's mouth.  

He said it is "nearly impossible" to get a good interest rate by purchasing through an LLC and that it will take an "arm and a leg" to get the deal closed.

I am looking at a house close to my primary residence for around 1.8M; I plan to rent it out for the first year while I obtain permits and plans to build a larger house.

Your Network = Your Net-worth"Been watching Evernest's video's and they share a ton on "everything and anything" property management related so that's been a blessing.Biggest take away when it comes to scaling a PM is to spread the word about what you're looking at doing and to build relationships.Local real estate events, NARPM, IMN, etc...You want everyone to think of you if they are looking at selling or if they know of anyone looking at selling.I use to be "loud and proud" and a huge extrovert but I guess "old age" has got me hahaI prefer drinking coffee and smoking a cigar behind closed doors.But, I guess I'll have to start "shaking hands" and "kissing babies" like a president when it comes to networking again lolMaybe even do a few video's while not wearing any pants heheBig hat's down to Matthew Whitaker for scaling the business so much.I remember spending some time together in Birmingham when he had a decent sized operation of around 1,200 units or so.Now they are 16,000+ 👏HUGE...We initially met as I was interested in selling our property management company in Toledo and now we are looking at acquiring others heheTime flies, things change and life is funny.Thanks everyone for your contribution and wishing you much success