Quote from @Bruce Woodruff: Quote from @Peter Mckernan:Up front (First Contact) Red Flags - 1) Everything should be in writing and very detailed 2) There should be a very specific Scope Of Work3) They should not ask for much upfront $$, certainly no more than 10% - if even that.

Hey Pat,Thank you so much for your detailed reply, the tips and  pieces of advice you gave really resonated. 

I can share details of properties and if you have airdna, that something we can both look at because i dont have it (and go over what the anayics look at for certain types of propeties in this area). 

My I ask details that raised red flags?

If anyone needs any details please message me I am open to sharing my experience.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

@Mary Lopez It definitely depends on your scenario and the details.

If you're interested in more details, please feel free to call/text me on 860-807-5661

I am an also an agent that niches specifically to STR investment properties, so happy to offer detailed insight.I love investing in short term rentals here - I have one that does over $85k gross a year, one that does over $75k gross a year.