Depends on your appetite for debt and desire to build wealth. 

You could do a conventional investment property loan if you meet the guidelines such as having the income and the debt to income / DTI ratios to do so.

Once the property is rehabbed and rented, investors can refinance to pull out a portion of the equity, which can then be used to fund the purchase of additional properties.

---------Additional Details----------I heard an analogy yesterday from an agent.

There was an addition to the home, which the home was originally built in 1891, and put on in 1997.

We purchased it 9 months ago with hard money, rehabbed all units, have been operating for about 6 months and are looking to cash out refinance into long term debt. 

To place into context he has signed-Promissory note-Deed to secure debt-Personal GuaranteeHe feels that the language in the draw agreement is unnecessary as we have already secured the loan. 

One goal is to encourage additional residential along the four BRT corridors -- New Bern, Western, Wilmington... and some other North Raleigh route still to be determined.Of potential interest to forum members is that the proposed text could allow many existing large houses to be legally converted into duplexes.* Right now, for instance, a duplex in an R-6 zone (common in southwest Raleigh, where my properties are) requires a 65' wide, 1/3 acre lot.

If you plan to buy 100 rentals, you may potentially be eligible to claim real estate professional status.Furthermore, another thing to be known about Ohio, is that there are a lot of locality filing obligations on top of what is required at the state level.Therefore, for example, if you have a property in the maple heights, you would have to file a return reporting your maple heights income/expenses in addition to the Ohio State return.

Sold a condo, and used cheap debt available back then.