The DSCR space has seen quite a bump in activity compared to Q1 & Q2.

Rather, if you are going to succeed in this space, you need to have an idea of what value you bring to others and, when looking for partners, seek out partners that help balance out those values.  

That said, it's surprising to see a lack of diverse competition in this space.

Typically it is better to get as many conventional loans as you can first before entering the DSCR space.  

You made the same mistake I did which was to agree to renovate an existing space that someone was living in.

Property value is cheaper due to being on the south side, but you can get just as much space as parts of the Northeast side and just as decent tenants (depending on your screening criteria, of course). 

The Nordstrom family is making a renewed effort to take their iconic department store chain private, marking their second attempt since 2017.

While you could wait until the 90-day mark to give them official notice, I’d suggest talking to them sooner once you’re settled in, like a month or two in.

I'm new to BiggerPockets as well, but I have been working in the investment industry for over two decades.When I entered the SFR space, I quickly realized that I didn't know enough.

Setting up a refinance with an escrow would be fine, but if your ARV is only 75k, then most groups would do 70% of ARV, which after your 7500 payoff and closing costs, puts you with an escrow around that 40k mark.