They will offer to do maintenance and then do it poorly, if at all.If you want to rent the property, do the right thing and fix it up.

I've got several rentals and always joke I'm cash-poor, asset-rich.You can BRRR via buying with a mortgage, but either the property must be habitable and just need updating or you'll need to use a DSR Rehab loan.

Basically, what everyone else said:- Who cares if they don't have it- Ask for other docs- Use your worst-case scenario- Get estoppels- Don't let poor books prevent you from getting a potential deal.

The lack of communication from poor agents or PM's is nothing new in this industry.

There are not many LOC products available for investment properties.

You're going to need 20% down plus closing costs for just about any loan product out there, DSCR included.

@Mike M.Im an active investor in indy with 8 units and ive seen a couple instances where the properties that were sold arent in bad locations (gentrifying) so there are wholesalers who prey on morris invest homes and buy them cash for pennies on the dollar to flip them.The issue for these poor owners is that they dont know the true value of their homes in most cases and also that they have spent their life savings, sometimes using credit cards as mentioned above and are in major financial distress... really really sad to see across the board.Sorry to hear your story @Charles M.

To the extent you borrow money to invest it has some influence… but not on the products you invest in, but rather your ability to borrow to invest in those products.  

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I am not a burn-the-boats type of person, and I am more productive with a backup plan.