Quote from @John Teachout: Title work is typically done as part of the pre-closing paperwork.

However, before deciding on a DSCR loan, it’s important to analyze your existing first mortgages—including their rates and the current loan-to-value (LTV).

i am not looking to be spending my days on the lake, I am looking to replace my day job income, and growing my portfolio.... but it is important to cover my costs first, which not 20k/mo but, that is what i'm accustomed to regularly (or more). 

I think #2 covers 90% of the work, BUT there are people whose debts are out of line with their income.

STR management is 20-25% (I would recommend self managing or getting a VA), since income is higher you could probably get away with 5% for maintenance / cap ex but remember you need to cover utilities and cleaning for these units which drives up costs.

If their policy ever lapses or is canceled, they are automatically enrolled in my master policy and covered. 

In this market i would only go that route if you have the resources to cover their initial investment so there would be no loss of capital if things go bad.One of the syndications that i am an LP buys MF, rehabs the existing units, converts tbe garages into max number of studios, brings all units to top of market rent, and exits with max NOI.  

.), but my existing LLCs is based in VA and IL.

Looking for Tips on how to find places that have multiple cabins or additional dwellings on a property that I could live on and run. I am aware of Crexi, Bizbuysell, and Loopnet and reach out when I see something for ...

Here is my system that I have shared on the forums previously:It all starts with online ads, within which are several pre-screening questions I request be answered in their response to my ad.