The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

I am not out on the teaching circuit anymore, but I was for 15 years and have written 4 books, and many courses, on the lease option topic (one for the UK), so this topic hits close to home for me.  

Having a real estate license, I would credit the commission payed out I would receive for being my own agent towards closing costs for the new property.

Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this  for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties. 

There's actually a huge oversupply of properties in Tulum and none of my friends who own property there make anything close to that!

Hi Lianne, did you close on the property ?  

I closed on my first turn-key rental property through Rent to Retirement back in October 2024.

I purchased my first buy and hold SF rental property last year and turned the property into a student rental as it was very close to a local College.

Blue Gate Capital strung me along until very close to closing and almost cost me the deal.

Review Anchor Loans, they have closed many investors I've worked with.