Because there was barely any cheap product and I had buyers looking for this type of product.

A handful of DSCR lenders will cashout refi after 3 months seasoning, but the vast majority require 6 months.

What are some pros that I can highlight from the seller’s perspective.Here are a few that I’ve come up with:1) monthly income at a higher interest rate;2) avoiding a larger tax bill by reducing the purchase price (on paper);3) a promissory note that they could potentially sell down the road.Any other major ones I am missing?

The vast majority of lawsuits against landlords involve wrongful eviction, security deposit disputes, and Fair Housing Violations.

@Aaron Gordon  we did the student rentals down here in Narragansett for  a long time and the more accurate screening was getting the major.

Is their current portfolio distressed, or was the majority of their current portfolio purchased at the peak of the market, indicating that they might be in distress in the near future. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

We buy houses in major markets in the states of TN, TX, OK and AR.

Vehicle expenses are one of the major costs to consider, so living nearby helps reduce those expenses and saves you time.

They actually have pretty limited reach as of now and focus primarily on major metro areas.