The cause of the 2008-2010 Great Recession was bad real estate loans - if you could fog  a mirror, you could get a mortgage!

Give me a shout if you'd like a rate quote for your DSCR loan.

House hacking is an excellent strategy, especially with the potential to use an FHA loan to secure a property with a low down payment. 

@Hank Bank BRRRR is probably want you want to do.Buy, Renovate, Rent, Refi, Repeat.Before you go all in and either find out you don't like being a landlord or you make costly mistakes, start with just the next one.You'll have some challenges with tapping the equity in the townhouse:1) What loan amount can you qualify with your credit & income?

I used a conventional loan and was planning on transferring the deed over to my LLC. 

They then missed out on several more years of growth because they got out of the game and waited on the sidelines for things to look better. 2010 to 2012 was the period that cash investors were the players or those with IRA keep in mind investor loans were still basically non existent in those years for all those expect very well to do Investors beginners were not getting investor loans. 

@Chinku Chinku how is paying the loan balance down going to help you reach your goals?

Proper underwriting - this includes an appraisal, loan app and full underwriting to comply with CFPB regulations.2.

Unlike refinancing, which involves taking out a new loan, recasting keeps your existing loan terms—including your interest rate and loan duration—intact.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.