Despite the project’s unique nature and impressive traction, securing traditional financing has proven challenging.

As mentioned above: if you paid some sort of “bribe/incentive” to the seller  you’ll need the receipiant’s social security number and they’ll need to declare the income. 

DSCR is better, but just not as secured as a LTR lease. 

@Brian Willie this setup is very common to avoid having each Property LLC to have its own bank accounts.Only the Management LLC will need Operating and Security Deposit accounts.They all need to be single-member LLCs with the same owner, or else it gets very complicated.Find a good tax attorney to help set this up.

Exploring a combination of these strategies, such as using a HELOC for a down payment and securing a DSCR loan for the remainder, could help you achieve your goal of purchasing additional properties this year.

I recently read in a book that suggested I should open a dual checking and savings account, and take the security deposits from my future tenants and store them in the savings account, then use the checking to pay the mortgage or maintenance fees.

Hello All,I just secured a 0.4-acre lot with a burnt house on it in the Bakersfield, CA area.

Split them prior to obtaining the financing and just don't include those lots as security in the note.

Financing: Secure financing for both land acquisition and construction.

Just yesterday I had the same conversation with Jessica LaRusso at Seek Capital and they also offered me lines of credit through un-secured credit cards, offering 0% interest for 12-18 months.