I just know I don’t have the knowledge yet to find a deal and a lower price point is appealing for sure.

These are professionals with additional training and a stricter code of ethics.

Just kidding (sort of).A lawsuit will cost you $25,000 to $125,000 and a year and a half of your life.

I'm in South Loop near the Loop, lake, Grant Park, CTA, and a variety of hospitals / schools, so renting out the room on a mid-term basis (32+ days) for a premium was the best strategy for me.

If I thought for one minute there was a big market for EM deposits and a reliable bevy of potential clients I would be all over funding 7 figures .. but even with all my experience in lending I jsut dont see it  personally and maybe I am blind to it but I close a lot of deals for wholesalers 10 to 20 each and every month for years..

if your asking me Joe  I suspect wrapping a DSCR loan would be an event of default with those lenders.. and one would risk having the loan called and a lot of times if you have multiple loans with the lender they can call them all in default..

I feel bad for the pitbulls, they need to go somewhere but the owners also need to be responsible with them and as long as you make that clear then you shouldn't have a problem.

The issue will be if you have a number of rooms and a single abuser. 

This doesn't give me too much to work with, and as a student, I still have 0 income :(.

In this manual (which I assume could be modified to provide to tenants) I include all the financing information (which you would not include for tenants) bank accounts, mortgage accounts, payment information, and mortgage payoff), a list of the contractors, what each contractor does, a list of upcoming planned or necessary repairs, and a copy of all leases associated with the property.