Here's another video worth watching - from Mark Ferguson on the InvestFourMore YouTube channel:Did Clayton Morris and Morris Invest Scam Turn-key Real Estate Investors?

It is important to keep in mind that DSCR is just one factor that lenders consider when evaluating a loan application, and other factors such as property condition, location, and market conditions also play a role.It is also a good idea to consult with a financial advisor or loan officer to get a better understanding of the loan requirements and to get an idea of how your investment property will be evaluated by lenders.Feel free to reach out if you need more feedback, happy to help.

Assets identified in this study include:Building systems: water heater, electrical distribution, HVAC, plumbinPermanent Fixtures: windows, doors, bathroom fixturesStructural Components: Roof construction, drywall, wood framingInterior Construction: Wood flooring, stairs, ceramic tileThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Basically, any good that doesn't get additional value from the fact that it is old like a collector's watch or some wines for example.

@Geoffrey S.There is a learning curve if you are unfamiliar with accounting or never used the software before.I would suggest watching the tutorial on how to use the software.

You can drop by with a "document you need signed to further explore their application” and while on the porch, take a quick peek inside.

Watching podcasts and going to meetups does not.

Applicant is ok to show me in person his account information on his laptop, but doesn’t want to put his user name and passwords to those sites into RentRedi application.

I don't recall speaking to someone who might have been from overseas.I watch alot of content from Clint Coons, Toby Mathis, and Mark Kohler on the topic.

Alternatively, I also help landlord/investors rent out their properties and can help place tenants (complete with the application/screening/viewing process).