In my experience when buying older houses, there are always something needed to be rent ready.If your ARV can support it, I would look into BRRRRing it and take care of the CapEx items during the process.

And if he is willing, great—well... still be careful :)

But I draw the line when there is risk of damage to the property, annoyance to the neighbors, health concerns, pests, etc.

They care more about the asset value than your own credit history.

I am a former travel nurse so I feel like I have always had a heart for the traveling healthcare professional since I was one :) The MTR model fit well with our goals and values and it's done so well for us. 

**Long-Term Strategy**: These loans are often seen as a long-term financing solution, allowing investors to hold properties and build equity over time.In summary, DSCR loans can be a powerful tool for real estate investors, but they require careful consideration of the property's income potential and market conditions.

Prior Theories: It could be turned commercial (no)A residence could be built there (no)They bought it to sell to me at a profit because I am the only one who cares about this.

It’s essential to consider factors like payment plans, projected infrastructure developments, and the track record of the developer to make informed decisions.The most successful investors are those who carefully analyse the potential of each project rather than being swept away by the allure of glossy marketing.

If we do everything correctly and we screen carefully (credit check, employment verification, etc.), what would be the worst-case scenario?

You could change that money in a rolling it over into a self directed IRA and you’d have more flexibilities, but you have to be careful with the rules for what you can use this for real estate.