Some of the properties that I have received rent rolls for seem to be very under market rented but it also seems a lower income area?

If you're concerned about tax liability, a **1031 exchange** could allow you to defer capital gains taxes if you roll the proceeds into another like-kind property (such as a larger SFH or multifamily property).

It's pretty typical to get an income statement and rent roll before a walkthrough and before signing a contract (there's many times that you'll also get a capital improvements summary too), but it's not as typical to get the other items prior to contract execution.Depending on how small the property is, you might be able to push for more of these items on the front end if you're dealing with a "mom and pop" owner. 

Conventional versus non-qm products have similar pricing, but restrictions on DTI and capped number of properties will limit how far one can go using conventional.We currently have no debt, excellent credit and are pre-approved for a conventional mortgage on the first property.

What lists are you targeting plays a large roll also.  

., pre-foreclosures, vacant properties, or owners with high equity).

Get pre-approved for a loan and budget for potential repairs.

Avon, CT is a hot market, with multiple offers being received the weekend of the open house, which is scheduled one week after listing.My offer of $725,000 was $20,000 lower than the highest bid, but was accepted without counter because it was not contingent on financing, while the highest offer at $745,000, while the buyer had pre approval financing, was subject to financing.

If you're wanting to flip and are on a time clock bc of hard money I would recommend leaving the property vacant because it opens you up not only to investors but owners occupants as well.One thing I was unaware of on these DSCR refinances is the pre-payment penalties.

Also are their overlays that require pre-reviews by other city agencies?