Horrible tenants increase cautiousness and interaction with insurance Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

And be sure your insurance costs won't be insane.Finally, if you're near Asheville at times we have two BP meetups per month here.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

They give you 20-30 days to prove they are gone or cancel your insurance.

My firm has a 3 month seasoning period that will get you up to 140% of your purchase price and rehab costs. 

The biggest advantage of using someone local to where you're buying is that they will understand taxes, insurance, and similar items very well when it comes to DTI/DSCR calculations and payment quotes, and they will likely have a local network of service providers for ancillary services (survey, inspections, etc).

Obviously, they will pay less for these loans because of the resources they spend upfront.Most of the larger private lending firms will participate in correspondent loans.

This is public info and usually it will change based on seller being there a long time or something like an elderly tax rate.What are insurance costs like (we've got a lot of local variability around fire insurance for ex.)?

Also, juggling multiple rehabs often means building a core team of reliable contractors and setting firm project timelines.

The bidding started at $1500 and two bidders were competing with each other as the price exceeded $5k.The auction was being run by a law firm, and once the bidding exceeded $5k, the auctioneer stopped the auction and told both bidders "You're bidding on the mobile home and not the lot.