Make sure you’re working with a lender who has experience with 203(k) loans and a contractor who understands the program’s requirements.2.Loan Process Can Be Slow – Unlike a standard mortgage, the lender will be heavily involved in the renovation funds, which means more paperwork and potential delays.3.Strict Repair Guidelines – The work has to improve the home’s safety and livability, so luxury upgrades usually don’t qualify.4.Living Through Renovations – If you go with a Limited 203(k) (up to $35K in repairs), it’s usually manageable, but for a Standard 203(k), major work might require you to live elsewhere for a bit.It’s a solid strategy, just make sure you’re working with the right lender and contractor so things go smoothly.

Basically, there are people trying to sell you comprehensive real estate packages, with very little transparency and almost no knowledge sharing until you fork over anywhere from $3000-$12,000 for a mentoring program.

There are DSCR 5-8 unit programs that have 30 year fixed rate terms for DSCR 1 ratios.

Seasoning depends on a program.

I'm based in the Bay Area and currently have a tenant in the HUD-VASH program.

“What’s the success rate of members in your program?” 

(My credit score is sub-600; I know that makes it harder.)After rehab, I anticipate renting it for $1622/month through our county's Section 8 program.

.- Some PMCs have a master commerical insurance policy they add their owners to, but charge the owner monthly for this.

Ask your wife or female friends if they like two LED lights in the master bath to illuminate their makeup mirror.#6. 

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.