A lot of DSCR lenders are technically POF lenders as they only qualify on 4 things: 1) valid driver's license 2) FICO score 3) rent is more than the PITI of the proposed property and 4) proof of funds for the down payment and closing costs and reserves.

On the 19th now the credit bureaus didn't all show up and we were forced to push it back another day because the scores didn't show until after my original  closing time.

My original plan was to cash out refinance at the end of the project but we need additional funds to finish like I previously stated.  

Originally posted by @Matt F.

Originally posted by @Bill Pohl:@Carol Angelopoulos We passed on PIN5 because our review showed some issues like non-current info.

Same thing happens if, after your CPA completed your tax return, you found two more K1s that you forgot about and a stack of receipts from HomeDepot that were not included in your original spreadsheet.

To get back to one of your original questions, I am a member of CTREIA and @Raymond B. is spot-on in his assessment: the biggest value is in the networking.

I will getting loan on my LLC(it is my second property in the area) and I have a credit score of 800+.

Originally posted by @Chris Porter:I am an investor in the Peoria area and would love to connect. 

I only have student loan debtI have a full-time remote jobI have no prior experience in real estate investingMy credit score is high 700'sHere are the details about the property in Zenda,WI:Asking price: $235KIt’s being sold by out-of-state heirsIt needs at least $50K in repairs and updatesThe neighboring house recently sold for $235K (though I don’t have details on its condition before the sale)A family friend who owns a construction company assessed the property and noted the following:Replacement Needed: Furnace, Water Heater, Water Softener, Floor (concrete replacement needed due to unevenness), Roof, GuttersUpdates Needed: 1.5 BathroomsConcerns: Black mold and water leak marks upstairsRemodel Suggestion: The staircase is very steep and narrow; recommended to relocate and extend it into the living spaceAdditional Work: The property slopes downward, allowing rain to flow into the house.