Quote from @Brian Rocha: I'm looking to secure a HML for a fix n flip in Florida and for now and am only looking to secure for the purchase price only and handle the rehab costs myself.

Challenges?

Challenges?

Had several challenges with their bookkeeping after I had to make an adjustment to one of my monthly payments.

They barely lasted in California (they are based on London).The challenge is (1) you are assuming all listings have open houses and (2) there are a lot of moving parts that can happen behind the scenes.

I've unfortunately seen too many examples where a Canadian investor trusted their Canadian accountant to handle all the U.S. compliance and it cost them a lot of headaches and money. 

Handling the contract to close process OR you could pay for a transaction coordinator if you don't want to do it yourself.Personally, I would have a realtor do it and charge the seller 1% commission.

@Diana Teng Buying your first rental property out of state can be a solid move, but it does come with its challenges, especially if you can’t scout the area in person.

Quote from @Patricia Andriolo-Bull: Quote from @Dominic Mazzarella: I believe that Stessa isn’t designed to handle all the nuances of depreciation and tax adjustments perfectly.

In that case, you’d typically need to file a legal challenge, which could involve going to court and showing that the restriction is unnecessary or unreasonable.The best advice I can give would be to consult a real estate attorney to understand your specific situation and options.