Looks like you’re already really involved in your markets.

This is assuming the entity is not a C corporation or has some UBIT blocker involved. 

There were some costs involved for demolition, making an application and a survey coming in around $30,000.One of the best parts of this deal was the “return on time”.

DSCR loans don't require personal income verification or a debt-to-income ratio, making them ideal for properties with strong cash flow, even if the current owner has credit issues.Here's how it could work:You could use a DSCR loan to refinance the hard money loan, securing more favorable terms without having to involve the seller's credit.Since the rental income easily covers the property’s debt service, you’ll be in a good position for lender approval, bypassing the conventional mortgage route.This approach could allow the owner to stay in the house, while you take over financing with a less restrictive structure.

Seems like a win-win for everyone involved. 

How is your agent involved in these and where are you finding these deals?

In the case of a family, it always has issues involved.

Just letting you know there are lots of hidden risks involved.

If I was a betting man I would say the answer to that question is NO and they are likely promoting the 2-3% success stories as the norm and therein lies the problem. 

@Chris SeveneyWe put tenants into collections without a judgement or involving an attorney.