Use a DSCR loan - No DTI or the same red tape quasi govt loans have.20% down for a purchase and would require roughly 2-3 months reveres roughly for each REO ownedOnly target goal is make sure your market rent is 1:1 with your PITI.

Happy to show you properties and see if it meets all your number requirements!

I was required to add exit signs in the shared hallways / stairs, and to add interconnected heat detectors in all units, and to upgrade all smokes in all units to be hardwired, and to create 1-hour fire separations between the three units, which we accomplished by painting the ceilings and walls shared with stairwells/common halls with intumescent paint.

This requires expense, time, and marketing. 2.

If you ever plan to rehab the property and have to pull an electrical permit you could be required to do a complete rewire.

Key requirement is it must be the primary residence.  

This means I may owe US income tax on those proceeds, even though I am paying the required Kenyan taxes on the same rental income.

I thought about getting a multi family, but the cash reserves required are somewhat limiting atm.

All figures are generated for illustration purposes only and do not reflect actual figures of any of our current/past transactions.Questions:1-If our debt package requires 3 months of prepaid P&I ($15,000), should we increase our Sources & Uses schedule to account for this figure, or do we anticipate the property to perform & simply borrow funds short-term from ourselves or 3rd party credit until operating incomes can pay back the short-term loan?

Some of those can have requirements for you to pay off their 'loan' if you move out.