DSCR 30% downHow did you add value to the deal?

How did you add value to the deal?

I think there is real value in the real estate subreddit.

@Robert MalcolmYou need to get the lender on board as they will review the hud and finding out on the HUD and not being upfront about it is not a wise decision to make

However, especially for your first, I would suggest the money you pay for either option is a better value than doing it yourself.Pursuing an investment with a partner does complicate hings slightly and I'd recommend discussing the legalese with an attorney.How do you stop a tenant from wrecking your property? 

Most work this way BTW Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Now I hold and rent out as a short term rental.For clarity this is not a rehab project, this would be me just trying to refi without adding value.

House was valued at approx. 125k when I moved out.

Regarding the insurance you will need to review your documents and talk to them, but most of those won't cover residents to go to a hotel when they are tenants.

@Joe S.There are ways to syndicate a deal initially wherein the GP lead sponsor can buy all the investors out a few years into the deal generally thru refinance after the business plan is executed and value increased.