Oh, I share your frustration, but have come to understand that this is how things work 95% of the time.

Bob - I have five occupied padsplits under contract right now with Fernando Corona and have closed several with him this year.Normal DSCR brokers have issues getting this through underwriting - it's important to work with a broker / lender that fully understands how to get these to CTC.I'll PM you

A community of growth oriented, abundance mindset, go-giver individuals with a BARE MINIMUM commitment to become financially free through real estate investing.We focus on providing education and building networks to help every member solve their cash-flow freedom equation, so they can have the time-freedom needed to follow their passions, make a lasting impact and even change the world!

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

You are correct, local banks would go in and sit with them and go through rates and financing and understanding the payment.

I’m struggling to understand why all of this is necessary just to use their property management software.

Check with the lender but my understanding is they will count that potential income as well.

However, help me understand.

I'd be happy to provide some recommendations and suggestions for your situation as a foreign citizen living in Miami.First, it's important to have a good understanding of the local real estate market, including pricing trends and neighborhood dynamics.

My current goal is to analyze properties for potential deals on BP pro daily and start wrapping my head a general understanding of the process.