DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth. 

So even though you do your due diligence you sometimes don't get what you're looking for.

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

if it’s illegal today, I don’t want inspector to show up and have more problemsI read about houses build before 1957 so if in current condition I would go to the city to get permitted, would 7ft ceiling still be a problem?

Just make sure to run the numbers with the HELOC payment and the rent, so that you are not underwater every month.

You pay 10% penalty plus taxes (lets say state and federal of 25%) - so you are paying $70k in taxes so your $200k is now $130k.

So you pay for it with a credit card and when the bill comes you make the payment.

So far, so good.  

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

@Angelica CristiIt has been a year or 2 since I last purchased on Auction.com so things could have changed.