Once the borrower is tied into these they are quite cumbersome to manage for the borrower and god forbid there is a default of any kind :)  or with the pre pay penalties and the reporting and the covenants to keep a certain DSR etc etc I mean look at all the syndicators who are leaking oil because they cant meet loan covenants.. 

Recently I received an ad showing that PTH (www.putianhouse.com) is selling pre fabricated houses and ships them from China.

I also suspect home prices would initially rise on the first 1-1.5% of cuts, but ultimately fall once we get to the 3-4% range as large  pre-pandemic supply comes back online, compounded by boomer land lords selling realizing the top of the market is in the rear view mirror (at least for them).If you eventually get squeezed on lower rents and valuations as the market normalizes, the ability to BRRR your pandemic era deals will be limited, so how do avoid trapping capital in the deals you already own from this environment? 

@Marcus Amison an LLC incorporated in Maryland can buy an investment property in Ohio. 

As for my comment on being dangerous - one of my mentors had a vacation rental (pre-Airbnb) in Costa Rica and was mugged while traveling to the house at knifepoint. 

Basically, you want to split your real estate investment metrics into two main categories: 1) pre-tax returns, which cover unlevered IRR and levered IRR, and 2) after-tax returns.

pre existing partnership on another commercial property How did you find this deal and how did you negotiate it?

Or is there some other formula to get my MAO when dealing with pre foreclosures? 

Get your finances in order, get a pre-approval, make sure you can spend that amount and still have 15k in reserves and solid income before you buy anything. 

@Billy Houston- thanks  1) DSCR might work very  well for you ...if you can  qualify for a standard  conventional 85% ltv  loan - this would provide better  loan terms   2) yes - DSCR is very different than a cash out refinance 3) consider  getting fully pre approved for a standard  conventional loan at a 85% ltv ..this is  crucial  to do if you are looking to buy in a competitive market - thanks and all the best