Last year I pushed the button and bought a house in San Diego which I've been using as a short-term rental and it's been doing pretty well.

We had one deal fall wash out last year (and I only started in July last year) due to deferred maintenance.  

Details below...We need a FAST cash-out loan product that requires only the personal guarantee of my business partner (60% ownership) to be used for: completing the remaining rehab and getting the 1st house rent ready, paying off revolving credit accounts to get her credit score up, and funding the other projects we have in the works.To help bring you up to speed on what's transpired over the 11 weeks we've been in business...We started our business on Dec 1, 2023, leveraged our "then" good credit/high w2 incomes to bootstrap the startup, assembled a rehab team, and are now about 2 weeks out from the completion of our 1st rehabbed property.We've closed on 3 properties, all owned free/clear, and have paid for renovations with personal funds/credit.My credit score was 810, but is now 592, due to excessive debt but 100% on-time payments, therefore can't personally guarantee a loan.My business partner's score is currently in the 700s, but likely wont be for long, due to her revolving credit % continuously increasing, as we push towards the completion of the first rehab utilizing her remaining credit on her CCs.Recently, I started researching the underwriting timeline for DSCR loans. 

Thanks for that info.Interestingly enough, it was actually the hoa/coa’s that pushed for, and got the law changed to have that law in 2007ish.

@Yunfan Wang, I would go with Denali and lighten the walls, definitely consider applying a lime wash to the brick fireplace to modernize it.

Its pushing your boundaries and stepping out of your comfort zone.I once heard the quote "Nothing in life worth having is easy, that includes happiness."

And the heavier the marketing push, the more it looks like there is desperation for capital.At the end of the day, there are certainly groups that market and are not at a shortage of capital to get the deals they want done.As it pertains to the original post though, I will add https://www.globest.com/2024/02/21/crow-holdings-secures-3-1...I am curious how many people on these forums or preaching "passive income for busy professionals" are even aware of a Crow Holdings.  

For years I would go months with no free nights, no free weekends.Now, with a rocking portfolio, I don't regret the absolutely brutal effort I put in to get here.It can be very hard, but it is very worth it.Don't get discouraged, tighten your belt, put your shoulders to it and push, you will find a way - you will not be sorry.

I have a deal going on in Delaware, and im wondering before anything else starts should i go undercontract or should until the buyers i have contacted make an offer on the property and then place it under contract.This Wholesaling stuff kinda stressful, but ill push through it.

I just got my hands dirty on one and rinse wash and repeat.