@Caitlin Logue A smart person will learn from their mistakes, a wise person will learn from others mistakes.

I personally have 6 in the area but I bought before it got crazy.

A month later now, they are insisting I come and see the place in person and see "how well it turned out".

I seek zoning variances frequently in Philadelphia, but its a lengthy process and don't personally find it a worthwhile pursuit for legalizing a second unit in a building.

You can also get a personal loan up to $50K which typically is to pay off credit cards debts, do renovations etc, but it can also be used as a down payment.

To recap: Be extremely cautious with flat fee MLS sites that only refer business to other agents.Bonus PointsYou should also consider the ease of use of the flat fee MLS listing provider, for example, can you complete everything online?

Downpayment came from proceeds of a land flip bought at an online tax auction (**********).

Looking for a Texas lender that can answer some questions or give opinions on doing a cash out refi on a rental property to help pay off personal debts. 

We use an online payment system and we only allow one tenant to be responsible for signing up to make the monthly payments.

They noted, while they can technically go to 75%, in recent deals, they are closer to 65% due to DSCR covenants.And maybe this is expected, but I would anticipate having a personal guarantee, fully-recourse loan for retail.