Let me know if you want to dig deeper into those details!

Could you send me a dm with the details?

Move on.If they say, "maybe" or have lots of questions about the details, then move forward and pursue.#3  TRUST.   

It should detail any liens or subordinate agreements, including the unpaid balance.

Start by formalizing the transition—create a lease agreement and maintain detailed records of rental income and expenses.

The cost of PM here is between 20 - 30 % and frankly, while they can drive occupancy, they often have lower rates and less attention to detail (I worked with one when I transitioned a new property that was previously PM managed).

My view is there is more protection on a wrap than a sub to and with the right disclosures and underwriting can be an alternative option. 

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

Key Details of the 45L Tax Credit:The credit offers up to $2,000 per eligible unit for builders and developers of residential homes that meet specific energy efficiency criteria.To qualify, the units need to meet or exceed certain energy performance levels in comparison to the national model energy code (e.g., the 2006 or 2009 IECC — International Energy Conservation Code).Cost Considerations for a 90-unit or 112-unit Project:The actual cost of qualifying for the 45L tax credit depends on various factors, including:Energy Efficiency Compliance: The primary cost will come from ensuring that each unit meets the required energy efficiency standards, which typically involve energy modeling, certification from third-party energy raters, and potentially upgrading insulation, HVAC systems, windows, and other components of the building to meet the necessary performance levels.Energy Modeling: Typically, you'll need to pay for an energy consultant or engineer to model the building's energy performance and ensure it qualifies for the credit.

One way we fight this is with photo verification pre-lease signing and not approving renters who don't view the place in person, our credit underwriting software also flags apps that have a high likelihood of fraud.