Once approved, Inspectors will need to come out and inspect all the trades (electrical, plumbing, etc. ).

.​👇 What you do need:A decent credit score (680+ preferably but 600 is doable)A property that cash flowsA game plan that makes sense on paper​That’s it.​DSCR loans are built for:🤝 First-time investors who don’t want to deal with tax return headaches🤝 BRRR investors refinancing out of hard money🤝 People who understand cash flow > credit score​So if you’ve been waiting until you “feel legit enough, ”This is your green light.​You don’t have to be a pro.

Purchase price: $387,000 Cash invested: $180,000 Complete gut renovation of my primary residence, 90% of work done by my father and myself.

My Criteria:Lakefront or walkable-to-lake (no Great Lakes – prefer inland)Within 6 hours of Chicago (bonus if also <6 hours from Akron/Cleveland)Quiet, north-woodsy vibe — not tourist chaos, but still appealingSmall town 10–15 minutes away with food, bars, basic amenitiesLake big enough for a pontoon or ski boatBudget: ~$500KWant to use it part-time, rent it out the rest of the yearIdeally STR-friendly with solid seasonal or weekend demand Areas I’m Considering:Houghton Lake, MIHiggins Lake, MITorch Lake, MI (stretching the budget?)

There are more buyers for SF homes, but Multifamily properties typically cash flow better as you mentioned. 

Hi Akeem,I am a Baltimore investor for like 20 years, mainly buy and hold, also i ma agent and helped many investors to start their portfolio,let me know if you have nay questions, and there are multiple baltimore investors here, you can reach out many of them with your questions, they are all very helpful.Good Luck on your journey. 

You do that deal and suddenly find out it needs a $10k sewer/main waterline or foundation work.

Rent-by-room in peak season and full-home STR in the off-season can balance cash flow and occupancy.

I haven't made the move to fix and flip yet, still building my wholesaling business, so reaching out to you all who ARE fix and flipping, and seeking a buyer/wholesaler relationship.

I would love to hear the experience you had with your duplex and to find out the lease structure for leasing to a corporation that serves as guarantor (if that is how you did it.)