Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I am looking to leverage a non-QM loan product for my 4th purchase and I want to use a bank statement loan and I would prefer for the LTV to be about 90% (I heard such products are out there).

@Michael BaumThanks Michael, this is extremely helpful.

Ultimately, late rent/no rent payments or damage to the property can be extremely costly. 

This is extremely helpful as I look for a property manager in Cleveland, Ohio.

You'd just need to check with the lenders what they allow up to.Having experience (completed rehabs in the last 3-years tends to be what most lenders look to qualify as experience) will help you reduced your down payment all the way down to 0% in some cases for extremely experienced investors.

My competetion was 450k cash   Realtor was extremely excited about my offer and everything even called my financier.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Thanks again.No, this is not my asset class - I prefer a higher quality product, in turn I can capture a higher quality resident/tenant - mitigate turnover and increase ROI :)

But it is EXTREMELY negligent for a PM to give legal advice on FHA if they dont understand it.