In all fairness, making between $300-$400K on deals this size is incredibly good money given the time you spend.

DSCR loans don't require personal income verification or a debt-to-income ratio, making them ideal for properties with strong cash flow, even if the current owner has credit issues.Here's how it could work:You could use a DSCR loan to refinance the hard money loan, securing more favorable terms without having to involve the seller's credit.Since the rental income easily covers the property’s debt service, you’ll be in a good position for lender approval, bypassing the conventional mortgage route.This approach could allow the owner to stay in the house, while you take over financing with a less restrictive structure.

Hi everyone, I'm looking for any legal references that can help me answer the following questions and provide guidance as to whether this approach is sound or needs adjustments: -What is the entity structure for managing assets and activities of a short/mid-term rental business? 

Colorado: Mountain LuxuryFor those looking to combine luxury with nature, Colorado offers incredible opportunities in its mountain resorts.

Hurricane Milton Approaching: Hurricane Milton is intensifying and we are all keeping an eye on the news.

Would love to learn more about your verification methods, as it’s always good to hear different approaches

I'd love to connect and hear more about your insights and how you're approaching investments in this changing environment.

Great question and honestly, having a business partner can be both a blessing and a challenge, depending on how you approach it.

There are pros and cons to this approach but it's one thing that makes REI fun.

Then as units become vacant, then do other renovations.Hi Rick - I love this approach and way of thinking.