It’s not very common but I have seen this done before.

Well, we are getting into the cold months and without going into too much detail, it's become extremely scary to talk with them and try and amicably handle requests.

I finished all the degree requirements only to discover I was extremely burned out and had to complete another year of electives to satisfy a minimum number of credits at that university.

You are correct, it is common for DSCR lenders to require the borrower to be a business entity in Florida, and some other states sprinkled across the US.

Don’t take extreme risks.

In my experience, success in D-class areas almost always requires being local, extremely hands-on, and self-managing.

@Ryan BroschardHi Ryan,You have hit a common issue many new investors fail to anticipate.  

Do you have any books or resources out there that he can dive into to help him hopefully avoids some of the common pitfalls?

I have invested in both Fund 3 and Cypress offered by Open Door Capital and they both have been extremely disappointing.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.