Since the LTV on the hard money loan is high , I would personally purchase it using a bank statement loan at 85% LTV (15 percent down) and, as you mentioned, just use your cash for the rehab.

Most states require them to produce a report with that data to give to the client.So why is having an algorithm look at the rental data illegal, but an individual person look at the data not?

We did online real estate investor Zoom meetups for Philly investors all through the pandemic, but have only done one there in person.

I’d love to discuss how I could help the organization by purchasing it and restoring it to productive use.”Request a Meeting: Ask for a meeting with the person or committee responsible for property management.

@Kyle Cross, correct me if I'm wrong, but I think maybe what you're getting at is potentially pitching to your parents that you would like to take a shot at personally managing the units to gain experience and some form of compensation.

What made you think this person had no experience whatsoever and didn't own their own home? 

BUT.... but, but, but, also how a person manages will impact this.

I think they just started offering it again.Dyches Boddiford has a good course https://assets101.com/events/hard-money-lending-online/I and several others have taken it.

He has no social media, no pictures, no videos, no online presence, nothing.

IF it was not on an auction site none of the information would be known unless you do your own research. they could say its a 3bed 2 bath home and you go buy and its burned down (seen that before). 100% is on the person bidding at auction.