In the program, it appears that you offer a Pre-Loan Application-- perhaps this is how the program is legal?

Properties are between $25K and $50K for a small apartment and at 10% yield net pre-tax you would get $250 to $500/month.

This destroys the credit of the original owner who can then sue the subto buyer.Another issue is if the subto seller claims they were taken advantage of by the subto buyer at a vulnerable time (pre-foreclosure) and an attorney or regulator raises the question of equity skimming.

- Yes, it does take more time to schedule this:(--- Our FieldTechs do have sets of locks our locksmith has pre-keyed, so we can "rekey" a property faster.

A DSCR loan is going to require more down, have high fees at closing, a higher interest rate, a pre-payment penalty, and will require you to have cash reserves that you likely don't have at the moment.

@John BowensAre you loaning from a pre-tax 401K or did you convert to Roth and then loaning from there?

Preforeclosure, Pre-Probate, tax liens are  OK -- however most seasoned and newbie investors are calling these leads as well and making offers.   

Most community banks in commercial lending will have a pre payment penalty if you refinance or sell. 

It requires a solid FICO, that you get pre-approved with all current financials held in file beforehand, with the complete contract package submitted upon execution which starts the clock; insurance must be arranged within three days for lender underwriting. 

I'm going to try and see if any of the long term neighbors want to do it, lots of pre-gentrification folks still here who might be happy to.