You might hit a few bumps in the road...tenants who imagine due dates are more like suggestions, or unexpected repairs that crop up at the worst possible moment...but that’s part of the ride.

The occupants agreed but unfortunately on the date the transaction was supposed to happen, the occupants went ghost on me.

I've had HUD forms filled out billing me for pro-rations that were the seller's responsibility, agents who have lost track of contingency removal dates, ... the list goes on and on.

Chicago is a tenant friendly city and it takes months of court dates to get them officially evicted.

Meaning you need to wait 12 months from date of purchase to use the newly appraised value and base off the LTV.In comparison, DSCR loans typically have shorter seasoning, often being 6, 3, some even 0 months seasoning.

And if anyone knows has experience with Rise Capital Group or Sunrise (now offering mobile home park/parking lots).

I owe no back taxes and I am currently up to date on my mortgage.

Maybe something unconventional like storage units or mobile home parks?

Sure the site is a little out-dated in appearance but it is so user-friendly and although it isn't my highest producing lead source, I do tend to get very strong leads from there and no spam so far. 

Apparently they handle all property repairs and maintenance independently and have maintained a perfect payment history, even throughout the pandemic.Lease Option Agreement:Effective Date: November 1, 2022Terms:Purchase Price: $165,000Non-Refundable Down Payment: $10,000Lease Term: 3 years (ends October 31, 2025)Final Payment: $158,000 balance due upon term completionMonthly Payment: $1,150 (no rent credits)I didn't see this to be a deal because if in a the best case scenario my $25000 would walk away with 2400 which is about a 9% ROI.