Hi everybody,I am looking to purchase my first rental property and I do not think I am ready yet based on feedback I have received from multiple people.I do not have enough money for a downpayment on a conventional loan, DSCR loan.

It does require paying money and risking it may not make a significant difference to the assigned appraiser anyway.

Can you purchase a property with a Hard Money loan and then refinance into a different type of loan to have a lower interest rate?

My kitchen cabinets aren't super old, so painting them would save money (I believe), but Im wondering if it even matters.

Now that I'm sitting on a lump sum of money I'm ready to invest again.

With seller financing, the person selling the house lends you the money, and you pay them back directly.

As well, I would not recommend buying a cashflow negative property, or even breakeven for that matter, as there are lots of places to buy at positive cashflow - unless you have endless cash reserves and money is not a concern for you.

There is no money in that business. 

The Emergency Rental Assistance Program has a ton of money still available and they are granting people up to the full amount of unpaid rent AND up to three months of future rent.

Of course, sometimes it's difficult to sell a house this way if you have alot of equity since the buyer will have to come to the closing table with that amount of money before assuming the loan.