Hi @Rhea Jeong,The situation you're describing is actually pretty common, especially for first-time investors looking to maximize their purchasing power.You’re correct that some lenders will consider a portion of the rental income when determining how much you can borrow, typically in the 75-80% range especially for FHA loans.

excerpt from atty Bradley Clark"When applying for an employer identification number (“EIN“) on IRS.gov you must provide the legal name of the LLC that is applying for the EIN.

Put up signs to let them know cameras are in the area and let each tenant know that you put up cameras for extra security and that they are only in common areas.

Buying 5 single family homes is likely going to be a lot of work and there are other assets that cash flow better and are more liquid.He also has the ability to 1031 his equity into passive investments (which is a common strategy for property owners who are retiring).  

This should have already been a common practice, but because of the commission structure before the NAR settlement, lots of agents did not execute contracts with buyers in order to gain them as clients. 

Real estate wire fraud is becoming more common every year.

Unfortunately this is common with DSCR and commercial loans.

What are the common pitfalls we should be aware of?

The most common reason for a void tax sale is the name called off at the auction was not the current owner of the property.

@Abram Edawrd Inmanhire a PMlower the rentjust because you couldn't get ahold of their employer or landlord doesn't necessarily indicate a red flag. many employers and landlords won't talk to a random person