Each Scope of Work (SOW) is unique to each property, as the specific needs of each flip vary widely based on the property’s condition, location, and target buyer.

You also have to deal with a bunch of tire-kickers who just waste your time.The rest are only worth advertising on via syndication as not really enough traffic to justify resources to manually add.Of course, this is for our Metro Detroit market, each market may vary somewhat.

Your mileage may vary.

We have a tropical backyard with pebbletech pool, and allow a doggy (great therapy!)

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

It’s common to require the first month's rent, last month's rent, and a security deposit, but it can vary based on the property class and tenant qualifications.

You’ve come to the right place to connect with some vary smart investors.

Either bank statements showing deposits or Friend of Court printout. 3) Since actual payments may vary, they need to averaged over the 3-6 months verified.Legally, you cannot ask an applicant specifically about child support income, they can only volunteer it.

Terms for the private lender will vary.

These costs will vary depending on the size of the cabin as well.