The FEMA 50% rule does come into play, but we do a lot of ground-up construction, so some investors that do have some new build/heavy rehab experience are tearing down and building back to current codes.

It's a matchmaking site where you will have to reach out to prospective residents, background check them and create leases.

The  portfolio stuff does not so they make the rules up as they go along, but those loans comprise less than 10% of all loans.

You’ll need to submit an application to the Community Development Department, undergo inspections, and comply with tenant notification and eviction rules, including providing a 90-day purchase option and relocation assistance.

In other words held for steady cash flow.My VARIABLE (note) PORTFOLIO consists of more active/speculative notes - non performing notes I purchased at discount to principal owed; notes I hope to “work” for enhanced ROI, real property I “purchased” with a leaseback option to repurchase, and defaulted notes I purchased planning on eventually taking ownership of the real estate, as well as notes I created that don’t have current payments but provide a guaranteed return plus an equity “kicker” when the property is sold. 

Resilient channel: Install metal strips called resilient channel on the wall framing before adding insulation, creating an air gap to further dampen sound.

Other complexes have put in a quota systyem of allowing only 10% rental and every one of the copmplexes instituting those rules already have at leats 10% rentals. 

This is because DSCR loans do not follow/ pass consumer protection laws. when you live in the property, it creates massive problems for this loan type and the lender which would issue it to you. 

Local Agent - just created a relationship!

If you expand your rental business in the future, an LLC may be worth considering, but for now, keeping good records and securing appropriate insurance should provide adequate protectionThis post does not create a CPA-Client relationship.