This doesn't even include the land loan...which was almost as difficult to find too.Basically, we want to add another tiny house to the lot, and refinance the entire package in a commercial-style valuation.

It can be for one home or any home that they show you, but you will have to sign one regardless of who is helping you, even if you skip the buyers agent and go directly to the listing agent.The purpose of this is transparency.

I mean… Would we even get THAT much more in the end with a realtor, given that (as I understand it), most investors pay all closing costs and we wouldn’t have to pay a realtor fee?

You need to have "Skin" in the game meaning your money or "Family" money.You can receive "gift funds" from a "Family" member if money was given to a family member and then given to you as a gift from family it would work.Keep in mind even if the seller gives you money the bank/lender will see the deposit into your account since they ask for (2) months of bank statements.

But I want to be a full time investor by 20 if thats even possible. 

Good evening Everyone - I'm going to be in town the weekend of 12/18 to close on a 2-unit in West Village.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Do not involve family in your first investment and do not even consider building in Fort Lauderdale.

These forums are even more powerful because you'll connect with folks who are learning about and/or implementing the same things mentioned on the podcast.3 suggestions:1.

For instance, if you buy a cheap hot tub it will probably pay for itself if you get one or two bookings that you wouldn't have gotten otherwise and it will lead guests to choose your place even if they are not really going to use it