Wondering if there are any gotchas or anything to be aware of when using this program. 

Where to start, choosing an agent, DSCRL alternatives or similar programs, etc.Thanks KamalDo you live in Puerto Rico?

I am now set to start another program in Lee’s system in the morning.

I'd break down residential real estate like this (definitely some subjectivity here):A class area= High year-over-year price appreciation, excellent public schools (elementary school ratings are the most correlated to higher real estate prices), little-to-no crime.

It is a 4 month program for $8000. 

Jillian,You can solve two problems with just using a DSCR program to refinance pull cash out and then close in an LLC. 

Many of them are posers - I smile and nod, knowing that their posing will make an impression on many who dream of quick wealth, and that their incredibly transparent bullsh** will eventually blow up in their face, leading to no lasting wealth and potentially major problems for themselves and everyone associated with them.Many of these students receive referral fees if they are able to sign up other people to the expensive ($5K+) coaching programs, masterminds, mentorships, or tribes.

I'm now realizing that in the state of South Carolina, the tax rate jumps 2% for rental properties to help fund public schools, a $600/mo cost that I didn't account for when using the calculators in the earlier stages.

Converting properties to multi-family is considered extensive rehab and those programs are a little more exclusive than the standard bridge loan programs. 

Quote from @Jason Wray: Yes, you can use an FHA 203K program or even convert it to Fannie mae and use a renovation loan if the LTC/ARV allows.Cool thanks for the info!