You could go either route but don't mix the two in concept as one is a mule and the other is a horse.And, the requirement that properties be listed for sale by a bank is a bank regulatory issue having nothing to do with the NAR, it ensures that the property is held for sale in a public market at its assumed fair market value.

@Akil MitchellFrom my experience, when buying a property, it's crucial to assess local building codes, potential de-conversion costs, and permit requirements.

Proper documentation and consistent reporting are crucial to ensure compliance with IRS requirements.

While this approach often delivers the highest returns, it does require a significant investment of time and effort.If your time is limited, consider turnkey providers.

The problems with the project mostly stemmed from the crawl space work, which required shoring, replacing structural members, leveling floors and insulation. 

And yep, I was made aware a couple of years ago of that 12 person max and/or I think 4,000 sq ft limitation (or some size anyway) that requires a sprinkler system for all new construction.I don't think they're that wrong for implementing the requirement. 

These deals don’t really require bundled all-inclusive brokerage service, in my view.

Even a DSCR loan requires a 1.25x DSCR ratio to pull your money out.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

To do this, you would use the underwriting and loan requirements provided by your loan purchaser, which may or may not align with your current criteria.