I have plenty of clients who 'make' enough and would have no trouble qualifying, but there is a benefit to keeping liability off of yourself and funneling your debt, et al. through the asset itself.Plus, if you keep it at 1-4 units, most DSCR lenders would still qualify that as "single-family" so you would still be eligible for 80% leverage on purchases and 75% (or sometimes 80%) on refinances. 

If the STR is a strong investment, by all means purchase it, but there's no such thing as balancing a portfolio.

I do take this into account when I'm looking for rental properties to purchase.

Purchase price: $165,000 Single family condo that I purchased using my VA loan What made you interested in investing in this type of deal?

We are just… at our wits end currently …. and just want to be done with this stage in our lives, yet we are running blind here… Ryan I would strongly encourage you to use a realtor, I have purchased quite a few properties and own a property investment company, you will definitely make more selling through a realtor…even after paying commission.

We purchased our first 2-unit property about 6 months ago. 

If a buyer is offered a 2-1 buydown (starting at 5.25%, increasing to 6.25% and then to 7.25%) with all closing costs covered except for $3,000 (to be paid by the buyer) on new construction through the seller's preferred lender, and signs the purchase contract in April 2024, the house will be completed by the end of September 2024.

Goal is to reduce your biggest expense (housing) with income coming from the ADU to save money for your next RE purchase.

I have a tenant who has lived in our 4 plex for almost 15 years, long before my husband and I purchased it 6 years ago.

👋🏽What exactly are you looking to purchase?