The loan approval is based on the property’s rental income covering the mortgage—making it easier for investors without traditional income streams to qualify.LLC Protection: Many DSCR lenders allow you to hold the property in an LLC.

The goal is not to evict but to get them to pay but you need to protect yourself and sometimes tenants need negative reinforcement.

Structure a lease-option deal to protect your credit and ensure a good payment history.

Would opting for a non-charging order protection state LLC be simpler?

Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environmental reports, open permits, and the Certificate of Operations.2.Physical Property Due Diligence.

Look into investor backgrounds more thoroughly and perhaps use legal contracts that offer stronger protections and even tie to personal assets, many will always try to use the LLC to protect themselves, but serious investors will sign a note personally and have collateral to sometimes back it.I hope you find some clarity soon.

Prioritize repairs that protect the house’s value, like roof issues, plumbing, or structural concerns

If things aren't looking good I'll bake in an additional 10% to protect myself.6.

The costs to build are too high, and until fuel prices drop and the environmental regulations are toned down, that won't change, meaning existing housing will continue to go up.

I would also charge a lot more than I would for a residential rental.Honestly, I wouldn't recommend it unless you've really studied it and understand how to protect yourself and earn fair compensation.