The con is the rate is a often a little higher but much more important is that the upfront costs are higher and most DSCR loans have a pre-payment penalty some up to 5 years.

You can be well diversified with real estate: single family rentals, investing in trust deed, investing in multi-family, industrial, ground up development, mobile home parks, RV parks via syndication or crowdfunding platforms and much more.

I have found a contractor I trust should any repairs be needed, secured a cheap month-to-month rental in the area I will be looking for when I start my search in April 2024, and am in the process of interviewing lenders recommended by BP and friends who own property in the area.

I've heard 3-4 unit conventional/primary residence loans are more difficult to achieve with the new low 5% down payment option...

Why are people doing 1031s if the Deferred Sales Trusts is an option?

PS payments to contractors and other vendors require a 1099 for amounts totaling over $600.00 in 1 year. 

Here are key points to consider:Loan Eligibility: You can buy a multi-family property with a low down payment if you occupy one unit.

I actually sell on owner finance but still need to track insurance and tax payments.

LTV is 75% so a 25% down payment.

I would like to move forward with building our RE portfolio, but not sure if we should sell and put the profit into 1031 for a new property or start looking into other properties with limited cash on hand for down payment (and start saving up in the meantime).