If you're interested in long term rentals, you could look into a DSCR loan that is based on the income the property brings in and not your personal DTI ratio.

In this post, I'll share some insights based on my findings and some data to showcase why this market is a great opportunity.

We do not have much at all saved up for a down payment and are looking at areas in the south because of the low cost/medium rent.

I've spent the last year following the real estate market and learning more about it, finally feel ready to make the jump to invest (especially since the deals are coming out to light). 

This process helps find any problems or risks that might affect the business.Now, don't get your financial due diligence and property review mixed up.

Feel free to connect we have a very strong NorCal and OR investor base.

Fast forward to yesterday(appraisals are done, waiting on underwriting) after a text from the realtor about signing a document that says I'm okay with him representing me and the seller, I called him and brought up the fact that I'd looked over the purchase agreement and the rental agreement and nothing was stated about the rent increase, but it was clearly stated that ALL rental income even prepaid rents (the warehouse was paid in full up front) would be prorated to the buyer (roughly 2200/month)I'm at a crossroads on what to do, part of me wants to just ask for earnest money and appraisal fees back and walk away, but the cashflow of $2300 (current rents not counting warehouse) on a $105,000 property just seems to appealing to walk away from, what do the more experienced investors than myself think

So the loan decision would be based off your personal income/assets/credit/experience.

@Elliot Juarezprobably not what you want to hear but... save up until you have enough to house hack somethingyou'll be glad you did

Hi AshekI am not an expert in the SE Florida market, but I am very up on the Gulf Coast markets.