I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

A lawyer needs to set up a Condo Association and rules, etc. 5.

If so, research local real estate investors' associations. 

We have a great organization called the Greensboro Landlords Association.

Thank you Jonathan I really appreciate your information and hope to work with you and all the associates.

Let’s break down the pros and cons of each when compared side by side:CondoPros:Lower barrier to entry: typically requires a smaller down payment and results in lower monthly mortgage payments.Minimal overhead: utilities like water, trash, and landscaping are often included in HOA dues.No landlord responsibilities: you won’t need to manage tenants or deal with non-payment issues.Cons:HOA management can sometimes be unpredictable or problematic.Long-term rental income growth is generally weaker compared to a duplex, especially if your goal is to hold and rent the property over time.DuplexPros:Rental income from one unit helps offset your mortgage; rental rates are likely to increase over time, lowering your net monthly cost.Higher purchase price can translate into greater long-term appreciation.No HOA or associated fees.Cons:Higher upfront costs: larger down payment and closing expenses.Being a landlord involves active management — and it’s not always fun or easy.Which asset would I choose?

.: New data from the National Association of Realtors show a significant decline in pending sale contracts on the U.S.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

I suspect this is more true in this market than it was in the dozen or so years since the GFC- this is not intended to be a complete list of the risks or effort associated with RE investing.