Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.

Respectfully,Zach The best bet is likely to create a new LLC that lays things out in a straightforward but legally strong and standard operating agreement, etc. - LLC doc sets are fairly cheap and easy to create these days (with limited assistance from lawyers) and its much much better to have that cover bases on arrangements like this - it will also fit nicely with financing options - whether you take on debt from a lender in a co-equity situation like your first plan (refinance loan to LLC post rehab?)

. - unless you get some whacko judge, there should not be any issue collecting rent on unpermittted unit, having a move-out cost (no fault eviction) in excess of the standard rent control or eviction process in excess of standard rent control hurdles.    

It is very hard to generate money with sub-standard real estate in the long run, capex tends to exceed cash flow and you are not creating meaningful equity either.As long as your properties are financed cash flow will be maybe not nothing, but indeed be quite limited.

Not 1 time has a standard rental poo-decorated a unit, not 1 time have I had dead bodies at a standard rental. 

Does anyone have suggestions for how to provide streaming TV watching options for STR where free local digital channels are not available?Something like a roku/firestick/smart TV without having to use my own account a...

A standard 4plex sells for $1M but rents for $4800 with a $6k+ mortgage.

I would do these to current code standards, and other smaller alterations all to code, without gaining permits.

These inspections are often required by local municipalities to ensure that properties meet certain safety and habitability standards.

I believe most house insurance policies have a standard minimum anyway, typically $300k is the standard that comes with a fire insurance policy.