I think eventually a VR set up will be common online or at RE offices.

You’ll still be personally responsible for the debt and it will still show up on your credit report/DTI if that’s what you’re trying to pull off.You’ll increase your interest rate by 2-5%?

Testing itself costs $350+, and the follow-up testing costs another $300-$400.

I met Kevin much later at a meet up through Subto and saw his phone notifications and how he has hundreds of people reaching out to him daily. 

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

@AJ ExnerAJ,Follow-Up Question:  So to a DSCR lender seasoning starts when the property is bought. 

@Kiryl Ulanovich,You're on the right track:Get Pre-Approval from Hard Money Lender – Know your terms and limits upfront.Find a Deal Through a Wholesaler – Verify numbers and ensure it meets your criteria.Review the Assignment of Contract – Confirm terms, earnest money, and contingencies.Conduct Due Diligence – This includes an inspection (if allowed), verifying ARV, and rehab estimates.Submit to Hard Money Lender for Final Approval – Lender will review title, contract, and property condition.Title Search & Clear Any Issues – Ensure a clean title before closing.Close Through Title Company – Finalize funding and take ownership.Consider also lining up contractors early for a smooth transition into renovations.

Meaning, if you take the money only, you would have depreciation recapture from your cost basis up to the original purchase price of the building (not including the land cost because it wasn't depreciable), plus a capital gain up to the insurance proceeds.Hope this makes sense. 

I recently discovered a traffic violation from North Carolina that showed up as a criminal record for an applicant. 

You end up being on the 10 year plan vs the 1-2 year plan.