I had my intro session with one of their team member's last week, felt good and motivated.

One of the biggest mistakes is to focus on solely cash flow and achieving a BRRRR.

Even promised ROI seems difficult to achieve.

It seems often that people will dwell on books, articles, podcasts and other sources and really just need a bit of personal motivation by peers to get out there and take that risk to start gaining those Street Smarts. 

Remember this: the answer is ALWAYS no when you ask.Having said that, I've been able to get several seller finance deals.You need to have a motivated seller who doesn't need the money at sale.

This would not necessarily be the case, or the spread could go the other way, though such motive could present one reason for conversion.I am not even sure if rent control gets eliminated through a possible condo conversion in most towns in Hudson County - West New York, for  base condominium rent > $1000, is one exception, it seems valuable to determine the others.

It is difficult to achieve this on a single day. 

@Caroline Gerardo  @Thomas LebensCaroline - From the info you are providing, it just sounds like I just have a broader list of DSCR wholesalers at my disposal that offer better terms than those you are using.Thomas - The bottom line is that you can definitely use a DSCR loan to meet your needs and achieve your investing goals.Have a GREAT weekend!!

What are your investment goals and can you achieve the same results with other asset class?

Renovation costs would need to be financed separately.Private Lending or Hard Money: Use a private or hard money loan to acquire and rehab the property, then refinance into a joint long-term loan.Seller Financing: Negotiate terms directly with the seller for a flexible financing arrangement.Final ThoughtsUsing an FHA 203(k) loan for your first property is a smart move, and with the right partnership agreement, you can still achieve your 50/50 goals.