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 process can vary greatly so it's important to understand it and ensure it works for you.

.: I do not understand doing rehab value adds in cheap markets.  

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

All well and good to dream big, but you need to understand the practicalities and probabilities of getting the deal to closing. 

This is correct, so I would disclose every aspect of the sub to and how it relates to the seller, perhaps going so far as to insisting the seller sign off on an acknowledgment that he understands the ramifications.  

Buffalo is a great place to invest, but understanding that neighborhoods change extremely quickly is paramount to your success.

ADU’s are a very popular in expensive areas, and I understand they add equity value as well.

The most successful real estate agents understand that prospecting and lead generation is the MOST IMPORTANT part of their business.

I’m glad you were able to move on without signing, shows the agent understands/is a good guy/gal, or knows other firms wouldn’t require such a signature.