Hey Andre, I utilize delayed financing every so often with my clients.

This would be modest build grade finishes, nothing luxurious, but not bargain basement, either.

Getting the utilities to the RV pad and Start renting it out asap, no roads no landscaping no nothing just the space and utilities.

In most situations the tenant is 100% responsible for the initial security deposit payment, and any recurring utility charges. 

So far with the properties that have looked promising we have utilized the calculated NOI / Cap rate to determine the value and every one we have done has come up way lower than the asking price and in one instance came up less that what the current owner paid for the place initially.

I truly did intend on just having them complete the Apartments(dot)com application, since it appears to utilize the TU SmartMove screening details that many here boast about... so the only thing that I am concerned on getting signatures for is the Authorization to Release Information when reaching out to current/previous landlords and employer for various verifications.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $167,000

Cash invested: $8,000

My wife and I bought a duplex in 2019 -- we got an FHA loan and negotiated th...

Then there are the challenges with Section 8 tenants paying utilities and taking care of their rental property.

Detroit would be a difficult market to utilize a DSCR loan in due to the low amount of monthly rental income coming in. 

This portfolio consisted of around 80 single-family homes, some mobile home parks, a commercial building, some multifamily, and some luxury short-term rentals.I started getting a lot of people reaching out to me and asking me questions about real estate and if I would help them learn how to invest.