A local lender can be helpful since they often understand the market better and may offer more personalized service, but it’s not always necessary if the terms are great. 

Would my previous industry experience (property management, acquisitions, asset management, Realtor) improve my chances of qualifying for a DSCR loan?

Is there anyone that offers a service or fee to stand in for you at an auction if you are out of state and can't make it there at that time? 

For those who are unfamiliar, PadSplit is an affordable housing tech startup that provides a house-sharing service for working people.

Typically, all services that PM does will have a charge, as that's the only way they make money.

And keep in mind that the rate on the 2nd lien will likely be 10-12% so depending on the cash flow it might not actually yield that much cash to you at closingMore importantly, it's just more debt so ultimately it sounds like you need an income-producing event to actually improve your situation and avoid some of the consequences that you mentioned

Quote from @NA Hirsch: What service do you recommend for doing a soft pull on a potential borrower's credit?

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

Have you thought about telling him to consider getting a temp service job to raise the money.

Hi Harris, thanks for posting as I’m sure that there are a lot of BP members that are interested in this service.