Having read extensively on the subject and listened to numerous podcasts, I'm excited to get started.

This is a father-son duo with extensive experience in Charlotte real estate.

NOI, and by extension the cap rate allows people to compare 2 different assets.The amount of leverage an investor uses, and the rate at which he borrows, and the length of time they have to pay back that debt are completely independent factors from the asset.

Tying up a desperate and in arrears homeowner with a purchase contract you can not perform on and in which a sale will happen ONLY if you are successful flipping the property for a higher price can cause extensive damage to the homeowners finances, credit and personal life.  

Lots of great answers on here - especially going to DSCR - one thing I wanted to add is as part of your hard money loan, see if they have option for 3 or 6 month extension.

When a business is first scaled you have to generate more revenue to create the same pay to yourself.For instance if someone has a marketing agency and makes 400k a year running themselves with just  a few people then the business starts ramping up more and more.

Would generally love to connect with anyone who has experience in the rent by the room model as this is my first time using this strategy.Thanks in advance :) I have extensive experience in CH and all of Cleveland, HOWEVER I would never rent room by room.

INCORRECT, tenants pay all, UNLESS it's a MF, then owner pays, I have extensive experience there happy to help you will any questions you may have 

So for instance, there is an existing note and you want to do a HELOC based on their criteria 75% LTV and you get it but because there is already an existing 1st mortgage (lien), the HELOC would be 2nd?

It is a totally different market in many instances with regard to how you do business there but it's worth a hard look in my opinion if you're serious about SFR.