However, to get a bank loan you would need to have a debt service coverage ratio of about 1.2 (i.e. your income after expenses is 1.2 times the cost of mortgage payments).

I’m new to BP so I’m looking forward to seeing how their contractor matching services work out.

You are required however to have a license like myself if you are offing a service to customers.

I can live with that  In most states you need to be a licensed foreclosure consultant to do what you are proposing and comp for those services is limited to a certain amount.  

I used this calculator to verify the amounts : https://lex-co.sc.gov/services...information below if from : https://realestatescorecard.co...Real Estate TaxesSouth Carolina taxes on residential real estate can vary quite a bit depending on where you live and if your home is your primary residence, or a second home or rental property.

The basic plan would be to use their services to do the leg work (Advertising, Booking, and managing the event) and then our property would be the location and accommodations.

But you need to learn all about landlord/tenant laws, how to do basic repairs, know what average labor and material costs are for common projects. learn about payment systems, how to interview property managers, tenants and handyman services, build a team of realtors, contractors, title, hard/private money lenders, inspectors, appraisers and soooo much more. 

IF, and should be only IF, the above does not work for you then you can do a debt service coverage ratio loan that will not do any of the above.

The cost of points was $11,880, and the loan service and prorated interest rate fees equaled $6,126.

Hi all,Has anyone leased their units to companies providing services to sober living or elderly care services?