The DSCR loan would allow you to qualify based on the rent you are collecting and get up to 75% of the value (175 x 0.75 = 131.25k, minus 20k payoff and closing costs.You could get a line of credit or a bridge loan against it to borrow money, but it would be higher interest.

Not sure if hard money would be the correct route to go for this one or notHey @Scott Allen I generally run the initial underwriting to minimize the developer's equity (@Shayan Sameer) based on the max LTV % or LTARV % that the handful of HMLs that quote me on my deals.

My property tax base on my primary is somewhat reasonable but the total property tax goes up because of all the special assessments, some of which make no sense to me (and I didn't vote for those).

Property values have been appreciating rapidly in recent years, and the city’s population has started growing again—a trend we haven’t seen in decades.I’m also based in California and have been investing in Detroit for several years, so I understand the concerns of out-of-state investing.

I would like to offer a different perspective on RTR Academy based on my experience, which, unfortunately, has not been great so far.

Look at all of the costs and then all of the revenue and make a decision based on that. 

There is a solid argument of course for MF investing and scaling based on NOI.

As a beginner investor based in the Seattle metro area, I'm eager to learn from your experiences and share my journey as I get started in this field.My current strategy is to focus on live-and-flip for the first three deals (looking for my second deal) to gain hands-on experience while building equity and learning the ins and outs of renovation and the local market. 

Class A properties are going to cost you more, have lower cash flow, yet be more attractive to a higher quality tenant base.

And if you base an offer price on that, you'll likely have an extremely difficult time getting any traction.