Second position DSCR does exist but rates are even worse than HELOANs, I'd expect 11-13% right now.Getting a simple cash out refinance sounds like the simplest option, but if you can just get a large first position HELOC only that would be a pretty convenience deal.

The bottom line assumes that your overall cash flow will go up from acquiring this new asset, which existing property, when you leverage will have the smallest negative impact on your overall cash flow. 

So glad this place exists for folks like me to learn from you. ✨ looking for ideas on to  how to acquire an owner-occupied property  with 5% down by using a mortgage loan product to purchase , improve and  avoid mortgage insurance based on projected value?

We renovate our units each time an existing tenant moves out of a newly purchased property.

Very rarely do I ever meet people who moved to Waco for a specific job that already existed and that is because there are none/ they are hard to find. 

These two actions should save 60% of your existing equity.  

So you are doing construction in your yard, but not directly connected to the existing structure the tenant lives in and they are already complaining?

How wet is too wet for existing subfloor? 

There could be a lot of new builds going up in the outskirts of a city, but existing properties in the city closer to amenities may still be desirable. 

My husband and I started our property management business about 18 months ago and absolutely love the service and peace of mind we are able to provide to clients.Percentage of income is often how people charge but this varies widely by location and also type of rental.