It has led to opportunity (to acquire) with the inaccuracy of the rev calc as we have seen performance vary from what they show.

There are so many lost opportunities relying on assumptions that aren't accurate and easily verified.

The way foreclosures are offered varies greatly around the country, and we don’t know where you are located… but where I am at they are all cash affairs, with the money due within 24 hours of winning the bid.  

Distributions also vary alot but often are quarterly.

I wanted to know if this is something that is required all throughout Ohio or if this varies by city or property management company.

Title insurance does not represent the status of title to real property, and an insured cannot rely on the title policy to represent the title.

Real estate investment relies heavily on loans and if you can't get good loans its hard to grow. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

I had no one to rely on or to ask for advice.

The information contained in this post is not to be relied upon.