Some investors buy in their name and transfer properties to an LLC later, though this may trigger due-on-sale clauses.

Hey Paul, congrats on pulling the trigger on your first property.I'm also in CA (on the central coast) and invest out-of-state (Detroit).

The house is in extreme disrepair and they wouldnt be able to rent it to anyone else in its current state. 

However, I have been extremely interested in real estate investing over the past month or so.

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.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

This is a fantastic opportunity to explore some prime investment properties in an extremely fast-growing region!

I called the Surrogate Court office this morning and the clerk was extremely helpful & pleasant over the phone.

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.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

That severely limited the number of lenders I could go to, so I ended up finding a loan product (that costs a premium, albeit) thru Velocity Capital Mortgage that allows fully-amortizing or IO payments (for first 10 years) which will help me build cash flow and accrue title seasoning while I find the right time to pull the trigger on a fully-amortizing DSCR product Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

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.PM us if you’d like to discuss this logical approach in greater detail!