This is not just a racial issue. 

Both told me the apartment floods so bad amongst other issues.

For big BRRRR projects, hiring a project manager or having boots on the ground can be worth the investment to keep GCs on track and catch issues early.I’ve had OOS clients who’ve been successful both ways—some met their GCs in person and others didn’t.

Based on your numbers, and assuming you have a credit score high enough and have never filed for BK, you shouldn't have an issue getting approved for an HML to buy/rehab the property that I would estimate at about $370k-$375k (which includes 100% of the rehab costs).

The only issue appears to be the missing breakers and it being turned off by the bank.

Find a lawyer and issue a lease violation for other issues such as excessive noise and furniture removal.

If you are new to the business the most common issue is you're either locking up deals too high or you aren't finding attractive deals.

Bob - I have five occupied padsplits under contract right now with Fernando Corona and have closed several with him this year.Normal DSCR brokers have issues getting this through underwriting - it's important to work with a broker / lender that fully understands how to get these to CTC.I'll PM you

The thread addresses a different topic, the Real Estate Professional status, but the same principle applies to the hours in both contexts.

., signing up for an eBook in exchange for an email address) and was wondering if anyone has suggestions on lead magnets that have been particularly effective in converting interested parties into prospects.I’d greatly appreciate any advice or guidance you can share.