Hey Hanzel,Multi families are great wealth producing investments and also very long term.

Off market, value adds can produce good returns.  

Here the IRS has a reason to challenge your credibility and the credibility of your self-produced numbers.

He individual investor should optimize and choose the trade offs that produce the best results (results meaning more than just financial) with the least risk.  

Like someone else mentioned, if you took concessions for the issue they will produce the documentation and get your case thrown out.You can pursue an as-is sale, make sure you disclose this issue.

If that is ignored, you could file suit and in the discovery process you could compel them to produce financial statements.

It might help you out if you're a hammer swinger type guy who can produce workmen like quality results versus homeowner DIY results.Someone who has been in this business for awhile , and brings a lot more knowledge , and contacts to the deal we'll have a lot better chance at performing a turn around on the property then to someone who is new and inexperienced. 

Obviously, we will need to file a 1065 and produce K-1s.

**Long-Term Viability**: Since DSCR loans are structured around a steady, income-producing asset, they support long-term stability and wealth accumulation, aligning perfectly with a buy-and-hold strategy.Overall, DSCR loans offer the flexibility, scalability, and cash flow potential that buy-and-hold investors need to grow their portfolios efficiently.

Real estate contracts in Texas are produced by the Texas Real Estate Commission, ie, the government.