You didn't save 40% you spent X that could have been used for marketing or growing your business

Some of these issues are resolvable, others seems to be impossible to solve completely requiring work arounds if you still decide to proceed with the property. 

Under this scam, a homeowner facing foreclosure is approached by someone who promises to help save the person’s home.

This could save you money in the long run, but requires a bigger initial investment.To help you decide, consider these:What's your current budget?

The saving grace is that it was purchased cheap a long time ago and will still either cash flow or yield equity even after repair costs

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

If you paid under $230k, you’d save $30k in federal capital gains taxes and maybe another $15k or more in state income taxes.

More important questions are all the ones like this:If there is a disagreement, how are issues resolved?

It’s saved me more than once from scrambling at the last minute!

Was looking to save where possible in this market but the method I proposed is not worth the consequences. looks like 20% down it is!