Set clear expectations with them upfront—weekly reports with photos, videos, or virtual walkthroughs work well.

I’m concerned mine is not detailed enough.  

Your detailed explaination will be highly appreciated and I know it’s not a legal advice 😁

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

You'd need a detailed rehab estimate to confirm if the numbers work for a $360K property with an all-in cost of $420K.

However, the investors are finding more updated, detailed information than what you provide us.

@Josh Otero not being consistent, the devil is in the details.

Sit down and hash out every detail and put it in writing.

Are their listings detailed with good-quality photos?

Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.