That starter loan money plus a couple of strategic IOUs allowed us to renovate the property and start generating cash flow.

Right now DSCR lending is one of the best choices but the rates have jumped significantly, 2-3% above 8 months ago. 

that is 80% of the equity. you can only borrow against what you own, otherwise the bank is double lending you money for the same asset. but thats still $140k in cash. which would be an amazing amount for a self financed brrrr, or downpayments on brrrr loans for multiple brrrrs, or you could purchase 3 $200k MFH with 20% down and have 6 doors right off the bat. lots of choices.

if i remember right every $1k down is only like $16 a month off. so i feel like keeping the cash in the bank would be the smarter choice. however i dont want to over leverage and be stuck with a hefty payment if rent decides to drop in the area. im just trying to find my best routes from people who can teach me a bit. 

If you don't mind me asking what makes you gravitate to business LOC as first choice?

It doesn't take too much additional time & energy to do that, and if you're serious enough about the property it's really your only choice. 

We work with Section 8 Housing Choice Voucher Program and it's worked out very well for us.

If anyone needs legal guidance regarding eviction in Austin he is a great choice.

I’d strategize with your loan officer now before filing 2022 taxes!

If your best quote is lower for lawn care (which it likely will be) tell your new PM you want to go with your choice for lawn care.