@Quiana BerryI was able to do exactly this ~3yrs into a NACA loan.

My spouse sees the cash flow coming in but is also worried about the risks that come with it such as having a loan for a property rather than having it all cash/paid off.

When it comes to finding a lender for a DSCR loan, does the lender need to be in the same area as my property, or can I choose any lender, and they'll get me the loan out of state? 

This makes it to where I will not qualify for a traditional loan.

You're already in a cashflowing market, find that 3-4 unit and house hack it with 5% down conventional (borrow the other 95% LTV loan to value) and make sure the numbers work before you get into it.Even if they dont work while you're living in unit #4, you can hypothesize the proforma cashflows with your unit's income upon your vacating that unit after month 12.

Loans are non-recourse.https://www.biggerpockets.com/member-blogs/7993/73151-what-a...

Purchase price: $92,000 Cash invested: $6,000 I bought this property with an FHA loan.

You're the prize for the lender, just as much, if not more, than they are to you. lenders need to loan money for their business, but they need to loan it to responsible people that will pay them back.

We used Catalyst for a Hard Money Bridge loan right into a Conventional. 

If you are doing a luxury house flip in Beverly Hills, you will want to adjust the pricing to fit your specific market and materials you are using.Save Your Own Custom Estimate TemplatesOnce you review all of the pricing and adjust the pricing to fit your specific market and the level of finishes you will be installing, you can save the estimate as a template so you can re-use your own pricing sheet going forward (instead of FlipperForce's).