They are currently in the middle of a quarter billion dollar multi use zoning project. 

I'll be happy to refer your partner whenever there's a client ready to start a project.

Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision. 

Bulldozed the house and plan to build a new house on lot in the future Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I do not judge anyone that sees a high projected return and becomes interested.  

For the future, remove other door knobs that don't need to be keyed unless you have the keys and strengthen the lease to address lock outs. 

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

Wishing you the most success on your future! 

I looking into converting a condo into one in the near future and would love to chat with some MTR hosts.

I’ve done a couple of fix-and-flip projects in the past using a hard money lender (HML), which has its pros and cons.I’m currently looking at a couple more properties and trying to decide if I should go with an HML again or explore other financing options.