These companies are fly by night hence why they don't buy their own properties...

My cabins (1 to 5 bedrooms, all with views, and all except the 1 bedroom is further from town) are still performing well and most are on track to meet or exceed 2023 returns.The days of buying and everything running easy with people filling your dates and throwing cash at you are over.

Under contract to buy a home that needs to be completely torn down. 

I don't buy from assignors for two main reasons...liability and fictitious numbers. 

If you do not have those it will extremely hard to ever sell it to someone who will require bank/lender financing or refinance it down the road if you want to pull out cash on the ARV or future equity.The other rule of thumb is that you buy it New and that it was never on another property or location, simple built onsite or trailered in from warehouse. 

But you could use the 1031 to buy the rental portion of the building and move in to another unit as your primary.

Hi Paola,If you are looking to buy another primary, looking to put the property into a LLC, may be changes in your income/job, looking for faster/smoother closing, DSCR could make more sense.

This is an essential tool for anyone buying a tenant-occupied property. 

I’ve spent years studying everything to do with investing in houses and then this opportunity to buy land came up and I just jumped.

Where are you looking to buy?