Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.

These are the critical tests you will need to achieve and support with a detailed time log.

Have you obtained any detailed cost/benefit analysis quote?

Go through each major line item and come to an agreement on what really needs to be done.

These names frequently come up in investor circles because of their reliability.Speak Directly to Their Team: Legitimate lenders will have knowledgeable representatives willing to explain their loan products and processes in detail.

So I looked for a large MF portfolio in Columbus, OH and found this 48 unit package: https://www.realtor.com/realestateandhomes-detail/299-Mayfai...?

I am not privy to the details of that from their perspective, but I would hesitate to assume the policies are the same; I don't believe they are.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Without going into too much detail, my current situation stems from selling a previous company via partial owner financing, only for the new owner to default on the purchase, leaving me in this position.For traditional financing, I understand I’ll need at least one, if not two, years of solid credit history, tax filings, and other financial documentation.

Sit down and hash out every detail and put it in writing.