At the time, PPR was selling courses for investing in distressed 2nd mortgages.

Also, credit score minimums are higher- often requiring a middle mortgage FICO score of 720 and above.

I have a mortgage with NBC and will be using them more this year.If you'd like, I'd be happy to connect you with my buddy Mark who can give you quotes on DSCR loans, and connect you with Jody Shaw @ NBC who can help drum you up some quotes and tactics on getting a loan with them. 

If there is a mortgage on your primary residence and you are trying to deed your primary residence property to an LLC, you will need to check with your mortgage company if they allow it.

Trying to balance proper due diligence against my desire to just acquire a bunch of mediocre units!  

Then at the very least, someone is putting a significant amount into the equity on your home, and is also paying down your mortgage.

If you did not do a "wrap mortgage" or "mirror mortgage" to help them create "notes receivable income", they may need a cosigner to have enough income to qualify for their next mortgage.

You will need to save that initial income to buy your first properties, get your mortgages, etc.You don't need a college degree to swing a hammer, but that psychology class could come in handy negotiating with a difficult tenant.

I'm a mortgage broker and can offer just about any product QM and non QM with competitive pricing. let's close some deals!

Generally - the depreciation on the structure, mortgage interest, property taxes, repairs & maintenance, insurance, property manager, utilities, vehicle expenses (mileage), professional fees (reports/CPA), home office (office supplies, percentage of utilities, continuing education).