Norfolk is pretty loose on regulations, but fewer areas are desirable, and Virginia Beach has very specific locations that can be STR (Sandbridge and The Resort District).

Commercial loans are pretty much DSCR loans by definition.

Sparing the fringe cases, most of these properties are literally over 100 years old and setting aside the 10% i mentioned above for repairs has worked well for clients.If you are dealing with a property that is 40 years old, that's pretty much a new build in my book haha.

We've taken over from several other property managers, and the bar is pretty low in my opinion.

Bottom line is that I believe in real estate investing for the long term, and feel like I'm in an advantageous position, but am pretty cash poor currently, and don't want to walk away from a good deal if this is the one. 

They are pretty simple bottom of the barrel questions. --- What is your real name?

If not, it seems pretty silly to get your license.2.

Pennsylvania is pretty wholesale-friendly overall, as of now.

That sounds pretty easy.

Is it usually a cash out, and you pretty much have to buy into new DST’s to defer your gains again?