Did you close this with a hard money loan?

Further context, I have zero debt, high 700s credit score, one other investment property here locally. 175k in cash available, looking to do DSCR loans or cash and then refinance.Peoria, Illinois- Great need for lower income housing, market appears to have many options.Lawton, Oklahoma- Looking only at extremely cheap properties, as it seems it’s not terribly hard to find renters.

Couple is divorcing, husband wants to keep the property; wants ex-wife's name off of property/loan. 

The law varies greatly between states (and harkens back to the pioneer days).

Pretty common, you can definitely use commission as down payment conventional loans and not have it count toward IPC as long as you're on the loan. 

Focus on understanding the rental market, conducting thorough property inspections, and leveraging owner-occupied financing options like FHA loans.

Most agency loans will expressly forbid such an arrangement, so if they found out, the odds of having the loan called would be very high. 

Registration fees $800+ SOI $50 fees California and legal stuff-keeping it simple-easier to refinance a SFR if decide to just BRR and cash out refi in my personal name versus trying to get loan in LLC name. 

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

We just had our 3-year loan mature on 2/2/24.