Thank you for sharing the thorough requirements that the process entails so one can pre-prepare when searching for prospects.

I am looking to invest in apartments and rolling my 'dead equity' in something larger (apartments).

Lesson learned - always take first + last + bond  Great call out re the late fees rolling into the rent  Our lease does not have that in there - but I am going to be sure to add it for my next tenants.  

Borrowers were able to push back and get all their interest paid credited to principal and that just in pre trial negotiations who knows how a judge would have ruled.. 

One issue is the challenge of qualifying, as conventional loans will have DTI requirements, income requirements, loan size limits, and loan amount limits that investors looking to scale a portfolio run into as soon as the financial freedom snowball starts rolling.

I am familiar with both upset and judicial tax sales in PA, where the former is subject to all pre-existing liens, and the latter generally wipes most if not all out. 

One things are rolling, it takes relatively little to keep that momentum on flat straightaways.Similarly, pulling the pieces of a business together is a similar effort.

These were largely sourced pre-CV19, so eat the fish and spit out the bones.The DTI percentage range varies by lender, and is less than what you will find for an owner occupied property, due to lender risk.

But I am also considering a turnkey property so I can start getting some cash flow and "just get the ball rolling."

Literally pay for them then let them go to tax's but seller wanted all or none, many investors would balk.. just goes against the grainLets See some more James Wise wisdom and detailed posts I for one appreciate them.Fried Ruben rolls... can't get them out of my mind..