They are not well suited for a novice.You may see auction results that look appealing, but you don't consider things likea.

.- The tenant buyer may decide to not exercise the option or may decide to terminate the lease early which may produce a profit less than the projected returns.- The money partner is not the only owner of the company which owns the property and thus has limited decision making over the property.

You mentioned that you are not a W-2, but that is not the only status of income producing individuals. 

A value add can be as a result of modernization or addition.

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!

Additionally, they've avoided 40-50 hard credit inquiries populating on their credit as a result of the soft credit inquiry that we utilize for DSCR loans.If DSCR loans are a new thing to you, I would recommend checking out some articles here on Bigger Pockets or giving me a call to learn more.

How many contacts/leads are resulting from this?

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!

If I sell- the equity (assuming it sells with a resulting profit) I have every intention in a 1031 or 1231 deal for another property in the PA, Ohio area

The result is typically less loan proceeds, lower rate, worse terms, etc.