This place has scam written all over it.

So do any of you have any experience with something like this?

As Michael mentioned you just need to respond to the IRS and state this is what you're doing.

New to this community.  

This is when I go out and value newly vacant REOs.

I have been preaching this on BP for years.

Its possible in your area that garages and parking are more valuable than units - this is your appreciation. 

Monthly payment is 1900 with a 6.5 rate and would rent for 2500.posted in another group but realized it was the wrong one Keith, as long as your true intentions are actually to rent it out and you get a signed lease this 100% can be a DSCR.

I have an opportunity to get into a property that doesn’t have any true equity, but the terms are really good.

In this game, sticking to one property type is your fastest path to mastery.