I luckily have some older section 8 tenants who get subsidized close to 100% of the rent, so it works pretty well.

I know Nick personally and professionally, and he is a great gentleman.

Most seasoned professionals in distressed real estate either transition from extensive careers at real estate firms or legal offices that deal with foreclosures and similar issues.

I don't plan on leaving this at a high-interest loan; I will wait out a seasoning in order to get a new appraisal.

From now to April has been a slower season for us in that our properties stay vacant for longer this time of the year.

Expect in most of these areas homes built 2010 or older on average, with many solid options built before 2000.

@Nam Pham  Assume likely an older property on a pier and beam foundation, as compared to a slab foundation?

Thanks in advance.  90% LTV product cash out is for primary residence and has no monthly MI pricing is about 1-1.375% higher than conventional going pricing so there is a slight premium for it but it is 30 year fixed and available for those who need the money compared to other options available.You can always transfer to LLC later on once you've seasoned your payment history on the loan for 6+ months to be safe.

More lending options will definitely open at 6 months, but there are plenty at 3 months and a handfull that have no seasoning at all for cash outs, so long you can prove rehab was completed.Cheers!

Here is a link from an older post on the same subject with some options.https://www.biggerpockets.com/forums/52/topics/262681-rent-recovery-serviceIt would be good to get a collection on the persons credit report to help the next landlord even if there is no $$ recovered.