If you already know the DTI is an issue - imagine adding yet another rather hefty mortgage payment to the situation.  

I’m in the process of transitioning to doing the real estate full time so will be doing more hands on stuff as needed but don’t expect it to be anywhere close to 40 hours a week, I’m looking to cut down on the amount I pay my contractor each month.

If you only put a small down payment and did nothing but kept your money in the bank you can avoid loss of capital.

Hey Gladys, typically, you will need a 20% down payment when buying a single-family investment property. 

However, our current roadblock is that we are a little short on funds for down payment/closing costs for any property.

Is down payment normal 20% down or higher? 

You can use mortgages that doesn't require much more than credit scores and down payment such as DSCR.

You basically step into the seller's shoes, handle their monthly payments, and eventually own the place.

We can comfortably provide a down payment over $100k, have a few hundred thousand in assets (i.e. equities, no property), have good credit (both over 750), no credit card debt.

Years of factory sweatshops/piece work sewing women's garments, to diamond cutting throughout high school and after.