With inventory tightening and competition increasing, what strategies have been most effective for sourcing truly undervalued properties?

Hi @NA*I am not affiliated with Sodt Pull Solutions*To perform soft credit pulls on potential borrowers, services like Soft Pull Solutions can be highly effective.

With management or attempting OOS self-managing? 

You have to keep in mind that a plex will never be valued the same as an SFH, and renovations may not have the same effect on the value as an SFH.If renovations are not needed right now, I would work toward getting the rent to market for the as-is condition and then renovate each side when you have turnover. 

You're in the business of flipping houses, so any self-employment taxes on the ordinary income most likely aren't being calculated in QB. 

Is using a self-direct IRA to fund this venture a way to defer taxes until retirement ?

I have a few reasons for this. 1) We are both self-employed and our income is inconsistent. 2) We don't want to impact our DTI, because we are planning on buying a house hack within the next year or so.We would be open to going up to 6 units for our first property as long as it's within budget.Now that you have some context, is it possible for a rookie to use a DSCR loan on a duplex or triplex?

(M2M Lease)A couple days later Tenent texts me and says they have left the property effectively today (bf doesn’t help out with bills, drama, etc). and wants off lease. 

Very similar to direct mail but much more cost effective.

It also positions you to work more effectively with lenders and partners who want to see a professional financial setup.How are others here organizing their finances?