There is a solution though because there is Non/QM which offers a few programs like (1) year 1099, Bank Statement, and DSCR programs. 1 year 1099 is self-explanatory, Bank statement uses 12 or 24 months bank statements gross deposits and divides that income usually 75% over 12 or 24 months, and DSCR requires No income or job, it uses the rents of the property as income as long as the rent(s) are equal to or greater than the proposed PITI payment.None of the above Non/QM offer construction loans though so you will need to stay W2 or wait 2 years.

@Mark Redmann  pretty typical HML rates most guys shoot for 18 to 22% APR's  and hope for some early pays to increase yield.I suspect on the JV they also will do the 20k  deals or whatever split but they probably ( I don't know for sure just surmising) that they will have a pref return that is equal to or a little better than the HML rates....

Now if you were willing to pay rent equal to mortgage, taxes and insurance for the buyer then that could change the numbers.

We're considering renting it and paying that amount in rent downtown to equal the mortgage payment.

Investing out-of-state is tough and finding a strong PM in these cheaper markets is equally difficult.

Leveraging technology and building a reliable team on the ground (property managers, contractors, etc.) are crucial when you’re managing properties from afar.Feel free to reach out if you want to talk more about specific US markets or strategies!

This amount is fully refundable for any reason if you do not execute a loan commitment with us and you request in writing within thirty(30) days of the date of this letter the return of the $10,000.signing of the loan commitment, a commitment fee equal to five percent (5%) of the Financing Request is due; three percent (3%) would be payable at the signing, and the remainder would be payable from the loan proceeds at closing.

Bigger distillery equals more bourbon.

Yes, he can purchase multiple properties of different sorts (single family home, commercial building, DST, Mineral Rights, etc.)One important thing to keep in mind: in order to defer 100% of the capital gains taxes, one would have to spend ALL the cash proceeds from the sale of the property and purchase equal to or greater than the net sales price.

STRs generally equal more cash flow but more work.