If you are buying within an LLC, you might want to generate a personal financial statement (sort of a financial resume) to show to lenders who want to know who you are as you will likely have to personally guarantee (cosign) on the loan.

I like the strategy of reaching out to FSBO listings - I will absolutely time-block that in every day and incorporate that into my lead generation. 

Most mentors are good for getting people energized - Good mentors work with you step by step to get a house or two and teach you how to move along on your own - Great mentors teach how to buy and manage the properties, set up "systems & methods", along with providing other high level contacts, tax planning, asset protection & generational wealth, strategies for changing markets, and changes in the law.     

Currently, your savings account is generating 0% return and neither are your rental payments.

Almost all real estate agents are self employed and get paid 100% on commission.

Aside from the condition of the property and possible repairs, you also have to analyze the neighborhood from every angle such as crime rate, employment rate etc..

Hello Everyone,My partners and I have been discussing the pros/cons of a vacation rental in the Outer Banks area ( open to other areas) since there may be more potential to generate higher cash flows.  

She already records all her convo with PM and has sued her employer for some other ridiculous claim so she’s chomping at the bit to try and find an angle to catch someone.

@Jason BartonI am a mortgage broker in Texas and have access to several lenders whom do DSCR loans.In a nutshell:Income, Employment, and DTI aren't a factor.It's all about the property, your cash down, and credit worthiness.The DSCR calculation is generally NOI/PITIA = DSCRSome lenders will go as low as .75% DSCR but will want more money down. 1.00% is the standard, some drop rate is over 1.25%.

We would be looking at how much rental income the property will generate to offset the expenses as opposed to digging into your personal income and expenses to get you qualified.I say try the conventional route first as that will offer you better rates and if that does not work then go the DSCR route.