Do you understand the expenses and regulations involved? 

I've been involved in a lawsuit that settled right at a million dollars, and that was over 20 years ago.

There is not enough meat on the bone to involve an agent or an attorney.  

When the transaction closes, the purchase is funded, and we set aside additional funds in an escrow account to pay predetermined professionals to make any required or desired repairs or upgrades to a property AFTER the buyers settle on the purchase transaction.

Its a tough subject because logically, they are joint and several guarantys so rationally a 100% guaranty from each of two people (one 740 one 680 for example) is ALWAYS going to be better than just one 100% guaranty from someone at 740 (so it wouldn't make sense to have a better rate for the latter)The problem is that there is fraud and "straw borrowers" out there where someone who is not involved in the property signs on to boost score and terms - so many DSCR Lenders in response either do the "non-rational" thing and price to the lower to avoid the fraud or use the higher of the two (and either be a little loose with things or just stay vigilant on any funny business)

We are still waiting for them to forward a check settling our accounts, months after cutting off business relationships.

I recently cooled off a member that has around 20 moderator notes on his account, all for the same violation, but they were spread out enough that other moderators decided to let him keep going.What if you created a simple three-strikes rule?

However, make sure to check the program’s guidelines and requirements—sometimes there’s added paperwork or inspections involved.

I got good at estimating renovation costs by making an initial estimate based on photos/walkthrough, drawing up a model like you see here, then once the project is finished, go to accounting, get the actual expense report for that property, and update the model.

Software: Stessa for accounting, Deal Check for quick and dirty analysis of potential purchasesMarket positioning: Pet-friendly (fenced-yard, accept dogs and cats), well-designed homes, off-street parking, suburban, full cable TV package (not streaming only)Pricing: Targeting upper-middle market (not budget-conscious guests)So far, so good (since 2020)