I think a short-term fix-and-flip loan would serve you better because, first, the credit requirements are typically lower than a DSCR loan's credit requirements, and fix-and-flip loans will fund a portion of the purchase price as well as some or all of the rehab costs (usually through the draw process).Right now, saving your cash, rebuilding your credit, and finding both a partner (ideally with a higher credit score AND experience) and lender you're comfortable with should be your priorities.

What are your thoughts with this size of a crack?

Agreeing with all above that the HOA (the size of a mortgage payment) will probably ruin it.  

I steer clear of anyone who gives one size fits all advice.. 

In addition to keeping your personal and business finances completely separate, consider having a checking account for each property if your portfolio size allows for that.

This material has 0 tolerance for humidity of any type, and will explode like a sponge if it gets wet a couple times.I have seen situations where homes are closed up all summer due to foreclosure and large portions of the floor start to swell and buckle just from excess humidity and no A/C.

- You need a laser printer capable of printing legal sized documents and scanning them which can cost upwards of $500 if not more.

Dan MahoneyHi Dan,Can you please explain what is meant by DEED BOOK: XXXX/XXX (PORTION) Mention on a Property Information in Daily Report?

This improvement suggests a growing buyer interest and possibly limited inventory, creating favorable conditions for quick turnovers.Toledo OH - RE Analysis (April 2024) - House Sales (1).pdfDemographics and Economic FactorsPopulation and Economic CharacteristicsPopulation Size: With a smaller population of 5,341, 43620 offers less competition in buying and selling, which is beneficial for flippers targeting niche market needs.Income Levels: The lower median household income ($27,442) suggests a demand for affordable, refurbished homes—ideal for flipping projects aimed at cost-sensitive buyers.Housing and Ownership TrendsRenter-Occupied Properties: A high percentage (68%) of renter-occupied properties indicates a transient population, potentially less targeted for flipping.

They can't consider the size of bedrooms, the kitchen layout, the view from the front window, or the five dogs barking all day long next door.