Knowing the seller's circumstances is very important as well.I also like to keep in mind my goal for investing in the property.

The mortgage payment is already high and my life circumstances have changed, making the payment even more of a stretch (not impossible, but definitely above the recommended percentage of take home pay).I am considering selling the first property next year (which has about $200K in equity) to do a mortgage recast on the primary and get my payment to something more reasonable.

That basically leaves you with investors and buyers with let's say special circumstances.

One thing you generally cannot do is charge their rent based on the fact that you MIGHT have rented it out sooner if not for these circumstances.

However, a home like may be a beautiful place to live for someone under different circumstances.

Refinancing with a focus on DSCR is a smart move when the timing and circumstances align.

If you get audited, this will be good to have on file.3) That's tricky, the dash 4 grouping election is based on facts and circumstances.

This can be a city or neighborhood.We manage a lot of Class C properties in the City of Detroit, so previous evictions are common.We typically do NOT allow within the last 3 years and we want to see stable employment, income and no other major credit issues since.For Class B rental we're looking for no evictions in last 5 years.Class A, would be at least 7 years.Of course, there are exceptions to all of the above for extenuating circumstances the applicant is willing to provide acceptable documentation for.

So not so much different with CD or a bond ETF (6-7%).What we don't understand is why ; such real estate note issuer should collaborate with infamous-and-well-known serial-scammer ( that's very transparent and well documented that they are a fraudulent ).Usually in this circumstance, there may be some additional kickback / commision system that's we don't understood.But a business tha's promising 25% is 100% guaranteed to fail.

Unless someone specifically wants to work with us, they have a tough scenario in terms of qualifying, extenuating circumstances... so on and so forth....