Hey Kishan, Hotel and motel underwriting definitely has its own nuances compared to traditional multifamily or mixed-use deals.

Loan product wasn’t a fit for my mix use project because they don’t lend on the commercial component which impacted leverage too much.

Make PB&J bars: mix 2 sticks butter, 1.5 cups sugar, 2 eggs, vanilla, 2 cups peanut butter, fold in dry mix, layer jam, bake 45 min at 350°F.

A tax person who works with real-estate exits can run that in 10 minutes and tell you if you’re over- or under-reserving.So short version:Tax bucket → safe.Investment bucket → DCA into the ETF mix you like.Gold → long-term tilt, not short-term parking.That keeps you liquid, diversified, and out of trouble with the IRS.

That mix of nerves and excitement is totally normal, means you're pushing into something that matters.

As mentioned by others, there are a few things to take into account.Here are the financing options and requirements based on the # of units:2-4 unit - Residential propertyMin 20% downDSCR 1.0+ (lower DSCR with higher down payment)No experience OR net worth requirement2-8 unit mixed use (commercial space can't exceed 49%)Min 25% downDSCR 1.2+Need to have investor experience of at least 1 yrNo net worth requirement5-10 unit - Residential propertyMin 25% downDSCR 1.2+No experience OR net worth requirement 10+ unit - Residential property (mixed used is possible)Min 20% downDSCR - Dependent on market size - can range from 1.25 - 1.5+At least 1 sponsor has to have investor experience - multi-unit of approx similar size OR multiple smaller multi units adding up to at least 12 unitsCombined net worth of all sponsors should be greater than the loan amount - this is after the down payment and closing costs, and not counting equity in primary.

What type of financing mix is working best for you?

The reviews for them are very mixed... either really great or really bad.... any input? 

I’ve been hearing a lot about turnkey properties — homes that are already renovated, tenant-occupied, and ready to cash flow from day one.On paper, they sound like a stress-free way to get started (especially if you’re not local), but I’ve also read mixed opinions about whether they really perform as advertised once you factor in management fees, maintenance, and long-term expenses.For those who’ve bought turnkey rentals:Did the numbers hold up after your first year or two?

@Chris Seveney I'm happy to have my own cash in the mix.