If anyone has done this and would be willing to share lessons and agreement documents, I’d really appreciate it.

You have to really know what you are doing and cover your behind with documentation if you want to try this.3.

**Flexible Underwriting**: Many DSCR loan programs offer flexible underwriting, allowing investors to qualify with lower credit scores or unconventional income documentation, making it easier to secure financing compared to traditional loans.4.

We have never lost a single case in court, and most cases don’t make it to court because the offending tenants know that we have well-documented evidence and understand the proper procedures to prevail.

@Walchli DonnaAs an fyi next time you do this use a licensed loan servicer and charge it back to the borrower - it’s $25-$30 / mo and they handle all the payments and loan balance as well handle all the tax documents as well.

@Becky SwensonThe short answer is yes.long answer is the lease or leases can be a little tricky post closing so it’s good idea to be transparent about your strategy with whoever you end up working with, and as soon as you can before closing take a good read of the documents.

Yes, 1031 exchange went through qualified intermediary, so i am good with the exchange documentation

If you do exchange messages with the tenant there may also be other documentation to back this up for example a message from your tenant saying something like "Since I'm the only tenant its a little harder now, but I will have the rest of the rent on Friday".

However, you need to really investigate to confirm that the property and tenants are performing as expected.Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).

OK, lecture over.Don’t do anything that could create unenforceable loan documents.