Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

If things are really on this extensive a level, I would be having a sit down with my R.E. attorney just to review things and get his input.

For instance, an apartment complex would provide good cashflow however, it would be quite difficult to sell in a timely manner if I needed the money.

The property required extensive interior and exterior renovations to reach rent-ready condition.

Take Toronto, for instance.

This, coupled with the fact that the HVAC company didn't run a Heat Load when we purchased 2 new units in 2021, has led to extensive, repeated water damage and remediation on 3 separate occasions in different areas of the home.   

In this instance, if comp is set at 2%, you may see an additional $3,200 in Section A of your loan estimate/closing disclosure for a DSCR loan where you may not see that on a conventional loan.

First of all, don't panic..if you've been timely with payments you can always go to the seller and try to reorganize an extension. 

We are working with quite a few renowned developpers and we are specialized in the Bayahibe area, Las Terrenas, and Cap Cana.Properties in Bayahibe have a quite amazing ROI because of their discounted price (as the place is less renowned than Punta Cana for instance), and its high occupation rate (one of the highest in the country).We have a lot of projects with amazing rentability at the moment, feel free to contact me if you want to know more, or if you are curious about the location!

The main challenge was managing the extensive renovations to meet market demand.