@Joe Carpyou can buy rentals with a DSCR loan, and they will not require W2 income like a conventional bankhowever, down payments will be 15-30%, so will use up your cash fasthow to scale as we sink money into each property is definitely a major challengei have done a couple successful BRRRRs that helped preserve capitalhope this helps

Make sure you have multiples and you will have a significantly higher chance of success. 

Once I achieve this, I'll consider it a success, and any additional investments will be a bonus.

Hello Tyler,For a more short-term strategy, I would consider holding off on Refinancing Property 2.

Does it matter where the lender is based as long as they meet the licensing within that state?

Also keep in mind its 24 months technically not 2 years, so as long as you have 24 months of the past 5 years (does not need to be consecutive) Your good

Part of my reasoning for wanting to buy in Costa Rica is that housing (for long term rental purposes) doesn't have a good cash on cash value in my region.

SBA loans take to long for a location that is for sale. 

A successful venture involved flipping a 30-unit apartment complex; acquired for $450k, we revitalized it with a $150k construction overhaul, achieved full occupancy, added a laundromat, and subsequently sold it for $950k after two years.

Quote from @David Gruszka: I wouldn't touch this applicant with a ten-foot pole.The drug felony is old enough that it may not matter as long as she has maintained steady work and kept her finances straight.