Section 8 comes with guaranteed rent payments straight from the government, which is a huge perk.

Then you could just go straight to those locations to search for deals.

Some Excel files that my 15yo daughter could have done a better job putting together and when we ask questions we are given the shuffle around, no one … and I mean NO ONE will give us a straight answer … I feel like we have just been sucked into the 2020's version of a new age cult!

For 7 months straight I was -$300 to -$700 a month because of repairs called in by the tenant (tenant   wasn't breaking things as confirmed with Property Manager).A 100 year old renovated house is going to have problems.  

Specifically for taxes, its pretty straight forward with Baselane because you can tag all of your transactions with the pre defined categories for a Schedule E (the tax form you submit for rental property).

You can also go straight to the source - Direct DSCR Lenders - don't necessarily need a mortgage broker to shop for you (especially if you are here and asking the right questions and clearly are sophisticated - unless you are SUper-strapped for time, you don't seem like an investor that needs to pay a broker for help - go straight to the lender)3) Last question- i'm seeing rates on DSCR loans in the 7.2% to 7.5% range, in addition to 1 to 2 points and they likely track 10 yr treasuries (4.26% as of today).

Doing a straight cash deal won’t work.4.  

The only cost we had aside from closing costs was a lock change fee of 70.00. 137% straight profit, annualized from the 60 day time frame to do the deal, is 822%.The last one we closed last week was a really bad note in a very rural spot in Indiana.

This would require tenancy in common which lenders typically won’t allowTransferring ownership from personal names to LLC is straight forward with a deed transfer and re-assigning the tenant leases.

That part is not as straight-forward.Such operating agreements are frankly costly when done correctly.