Found this opportunity appealing based on positive cashflow/favorable cash-on-cash return.

@Brett Riemensnider You can claim expenses related to your rental property, even with a homestead loan, by allocating costs based on the 75% rental usage.

For selling performing notes, companies like Mission Capital or Watermark Capital Partners specialize in purchasing notes, including DSCR-based ones.

Nobody ever tests for lead-based paint in homes built before 1978, because once you test you have to disclose.

Brian Davis: @Eric LoweThere's a company called Rental Property Refund that does cost segregation studies virtually, based on self-reported data from you.

@Tom Gimer thanks for the shout out@Bryce Adams Tax assesed value is a terible way to base your bids.

Based on location and some rough math, he's definitely looking for market value (stabilized asset) vs the current condition.

anyone can sue anyone but even without a contract you have an agreement based on a table of costs.

Transferring ownership to your LLC might trigger transfer taxes or reassessment, depending on your local regulations.Commercial lenders will evaluate your loan based on the property’s cash flow (DSCR) rather than your personal income, which is great for freeing up your DTI. 

The down payment is based off the total adjusted acquisition cost – the purchase price plus the cost of renovations.