The terms are pretty reasonable, and the qualification process is so much easier.

I know that cash flow can be alluring...but I see you are in Ogden- I'm just over in Boise and our markets are pretty similar. 

With rehabs you can get to significantly lower purchase prices and typically the lender will just be looking for  a100k+ ARV so that you can refinance out of the loan once rehab is completed (100k as-is value is pretty standard for DSCR loans).With rehabs experience is the biggest factor to LTV and rate so partnering up with someone for the first one or first 3 will get you significantly better terms (working in the same area can also provide benefits in terms of LTV).

same questions seems pretty risky..

@Karl Kauper going to guess your current PMC:1) Is having too many tenant nonpayment issues for your likingAnd/or2) Refusing to share their background checks with you, so you can make your own approval decisions to address #1 above.Several factors may be at play here that you may want to consider before being trigger-happy:1) For several legal and contractual reasons, it's pretty much NOT possible for a PMC to share background checks with an owner. 2) What Class of property do you own?

Newer isn't always better, and this picture sums it up pretty well. 

It's also pretty rare to get anything for $100K that is worth $300K fixed up. 

It's a pretty interesting concept if you qualify for it. 

Extra income a new mini excavator is $50k plus pretty easily can rent alot of machines for that much. 

Very affordable, easy to use, and built by Perry Zheng, who invests in multifamily himself, and knows the issues to solveGino And their service is next to none.. pretty quick response.. you need this if you're raising money!