I've been giving lots of thought buying a lot for build and sale of a SFR, and would like to touch base with like minded folks.Thank you,Shawn I was in the 6 month program and paid $5000.

The guest house has STR rental history but the other two units would need to be based on projections. 

I charge a scaled pet fee based on the size of the dog with a premium for high risk dogs.

That is when they usually start to transition in to asset based options such as DSCR  For most, if the math is done correctly, the LO is licensed and know what they are doing , it is 10.

@Jason Brown - I'm a CT based investor, flipper, and property management company owner.  

We're willing to live almost anywhere in the greater Sacramento area based on what we can afford, provided of course that the property is in a decent neighborhood that has a good chance of attracting responsible tenants.As for budget, I believe we could get a conventional loan for properties up to $600k, but my strong preference is to find a distressed property (or seller!)

Hey Drew based on what you said about the inspection I would do an inspection contingency that would allow you to get the seller to cover some of the expenses through closing cost credits.

Business is based in California but I’m licensed to operate in Texas, Ohio, and Alabama in addition to California.

Yes, as S-Corp owners deferring salary into a Solo 401(k), you must still pay FICA taxes (Social Security & Medicare) on the deferred income since FICA is based on W-2 wages, not taxable income.

The assessor has to assess it based on other similar properties with their SEV.