BP is such an amazing resource and I suggest that you take full advantage of all of those who have been here before.

Please take advantage of all opportunities to network and connect with seasoned investors.  

@Chase London I think if you're planning to live there and you understand the neighborhoods, and can get help with repairs, you have some advantages.

Advantage to LOC is you get to use it only when you need to and thereby not too much holding costs to opening it up.

I would say, however, that you should do the following:Become knowledgable regarding the eviction process -- It seems like the tenant is taking advantage of the fact that you're a newbie owner.

If you connect with Vestus in foreclosure group in Pierce and build a relationship with Kevin, Warren or Eugene then you get to take advantage of the occasional home run that slips by everyone else and get consistent data for the rest of the deals.

One advantage you have is the opportunity to invest locally and I would suggest that you use that advantage.

Without a firm hand, tenants will learn to take advantage of you very quickly."

Hello @James Wilson, @Greg Harriman.If you haven't already, you should read up on the BRRRR strategy, it's pretty simple but has a lot of potential for your situation, and it nicely sidesteps the DTI ratio issue:Buy: with hard money, advantage here is that the property is paid for with cash, so you can just put in an LLC immediately.Rehab: either with the loan or your capitalRent: get a tenant inRefinance: ideally, start this process as soon as you buy, look to cash-out and essentially have a new property at 25% down, on a nice 30-yr. term.Repeat!

On top of the tax advantages.