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.

Up to 80% LTV on a purchase is common depending on FICO and level of experience.

If that's what you really want, maybe a friend or family member would enjoy making some extra money.

It sure does feel like it on my end.I feel like investors believe they are getting a better deal going down the DIY route, rather than purchasing turnkey.Why has the concept of turnkey lost it's value and pizzaz?

Hello,I just purchased the new book by Dave Meyer and J Scott; “Real Estate by the Numbers”.

Or, are you trying to fund buying a property + construction, and then cash-out-refinance the completed project to pull back out most of your purchase + construction costs to deploy on the next project?

I would then get a inspection of the foundation and house but then I'm 1k in the hole without any promise of purchase beforehand.

Pretty sweet deal since he purchased cash so no debt service.I'm also in Ohio so I can agree with @Brian Mineau as well.

I am attaching a lease as Exhibit A which will be the lease if he is unable to obtain financing to purchase it.

I am exploring options for purchasing a multi-unit property with a SFH (2b, 1ba, with a detached garage) and 2 ADU units (1- 2b/1ba and 1- 1b/1ba) in Los Angeles.