Strict rent control policies mean that investors can't buy a dilapidated property, refurbish it, and drive rents up.

Tenants probably don't want to get their landlord mad at them and they don't know the people walking through.Ask Seller/Landlord if tenant is current on rent and how much they are paying.

I can help a lot I do this in Columbus Ohio and Miami Florida but as a service for now not purchasing them. if you are going to do larger deals look for the largest gap in entitlements, density, and asset value as a land driver. for example we found a piece of land in Columbus Ohio that was 55k and we just got an appraisal for 1 million based on the rezoning application that we did for mixed use commercial.

I was never really mad about this situation until I started to understand the buyers are likely going to get some money and I am going to come out of pocket pretty heavy.

If you do plan to flip in that price range you're going to need an intimate knowledge of the area, demand drivers, and how to remodel these older homes efficiently. 

For DSCR we only require LLC docs if in an LLC , drivers license, SS Card if available if not ss89 can be signed, we don't ask for any info on any other properties owned by the borrower, we dont source or require seasoning on funds.

It takes money to invest, so spend this time working hard and saving like a mad man while living off your parents for free.Educate.

Worst of the worst, deliver pizzas at night and weekends, or driver Uber or DoorDash. 

And then we will have autonomous systems to dirve - I think we have about 3 million long distance truck drivers.

@Edward Kim ah, so technically it has to be your "Primary Home"...so for those of us that serve, while we are stationed at a military base we still have our "home state" that is on our drivers license, etc.