We are currently paying down most of our bad debt to put us on a better position to buy, and gaining more knowledge in the process.

During the interview process, he spoke plainly and objectively and understood the plan.

I am in the process of refinancing the unit with 7.99 rate for a lower rate of 6.5.

This can be a 30+ day process.  

It’s common to hit some hurdles with traditional lenders, especially when LTV requirements are strict or when cash flow doesn’t align with standard underwriting practices.If you're looking to refinance quickly and pull out cash, private lenders might be more flexible with both LTV and the cash-out process.

Check if there are any restrictions on short-term rentals, in case you plan to list on platforms like Airbnb.Landlord-Tenant Laws: Familiarize yourself with landlord-tenant laws in your state regarding leases, tenant rights, and eviction processes.

DM me and I can guide you through the process. 

Find someone you can learn, not only acquisitions, but the rest of the process.

This is especially helpful if you plan to continue investing and don’t want multiple mortgage loans affecting your credit report.Streamlined Process: Since DSCR loans are focused on the property’s cash flow rather than personal financials, the approval process can be quicker and less documentation-heavy compared to traditional mortgages.If you want more info or need help getting started, feel free to reach out!

Does anybody have any advice on this subject, anything I should watch out for, is a lawyer necessary, does everyone have to sign the deed, or is it a straightforward process I can do myself?