As a would be individual landlord with just a one unit single family property I don’t know I can stomach the risk or withstand a financial assault resulting from an eviction process for a non-paying tenant (or tenants that do extensive damage).I am seriously considering bowing out and selling.

If you find you are unable to raise the money for an all-cash purchase, switching gears to Fannie will only work if you have a LONG time to close in your PSA or have many extension options (which usually require more hard earnest money.)

Generally as a new fix and flip investor you would want to target cosmetic projects that do not require an extensive rehab budget.

To add value to the property, we undertook extensive renovations including the removal of over 40 yards of trash, installation of a new septic system and wall-hung boiler, and a new well pump.

They both have extensive experience in Duluth.Thanks for the mention @Tim Swierczek.

They have failed to renew my entities with the Secretaries of State multiple times, have billed me wrong amounts, and GREATEST OF ALL, have cost my business ~$50K in cumulative TAX PENALTIES due to negligence in filing for a tax extension, failing to walk me through my tax filings and needed payments, and failing to file an abatement promptly.

Taylor has extensive experience with investment properties and creative financing solutions, and he’s great at finding options tailored to unique situations like yours.If you’d like, I can share his contact info or make an introduction.

One example was having to create a 720' sewer extension of the town's sewer line! 

We decided to go with a DSCR in the LLC name to help protect our personal assets… We are near closing which has taken WAY too long in my opinion… (we are on month 3 with 3 extensions)…Regardless, at this point 2 of the 4 of us in the partnership are being asked to sign as guarantors of the loan…1 Is this normal?

We all wait with bated breath for the extensive thank you note they will write on their way out.