My thinking now is that it would be best to cut profit to work with a white glove outfit and learn that way.   

That’s what I’m talking about.. having people on the ground who know their turf and can spot trouble before it smacks you in the face.From what I’ve heard, outfits like Northwest Preferred Property Management or Umbrella Properties in Eugene aren’t just running the numbers.. they’ve seen the weird mid-season repairs and the tenant personalities you’ll never read about in a textbook.

Is this Jorge Newberry's outfit?

Based on "market rent" I did about 100 deals for one Philly outfit but they flamed out big time I am sure you read about them in the paper..

About 20% use DSCR (usually 20-25% down) and the rest are cash or hard money or something else.For $325k purchase:1) As a broker I would negotiate down as its been on the market a while and its especially now in holidays)2) I would also negotiate seller paid closing cost credits, most loans allow 3% which should cover most or all of that.3) Assuming you paid $325k but got closing costs covered I would anticipate a minimum of $32,500 down and maximum $65,000 down depending on lending product chosen.4) Remember you still must furnish and I use $20/ft as a safe estimate to fully outfit an STR property.Best of luck!

When speaking to the rep, i asked questions about Morris Invest and how they felt about being represented by this fraudulent outfit.

Some of my Scottsdale connections who specialize in land deals have been whispering about how a few smaller outfits in Casper.. from what I’ve heard, outfits tucked behind older storefronts, have been matching buyers with off-market parcels that never even hit the usual channels.If you line up your financing carefully (no legal or tax advice here, just speaking from experience), you can sometimes lock in a deal that ages nicely over tthe years.

I have business relations with a few of the bigger wholesalers and PM's I can assure you the feedback from investors about vacant and non rehab houses is accurate.. of course its not every house they ever sold but for those unfortunate enough to be in that situation its devastating.. and since I have been funding turn key outfits since 2002 I have seen this play before.. out of state clients hey we will just pay the rent we don't want any bad press etc etc..

You might check with smaller outfits too like Co/Lab lending, Preferred Mortgage, Aceland Mortgage, and co-ops/credit unions.

Furnishings and outfitting run about $20/ft professional but if you DIY at $15 and its 1,500 sq ft $22,500.AirDNA has the property at $65,000 Annual Gross.