Get moving on getting your advertising, application and leasing processes worked out:)

That being said, I had competing issues. 1) my wife and I are buying a new primary residence (much to my chagrin), and 2) in december, we bought a condo rental that is currently being renovated (a much lighter project) and that process is also a little stressful.   

We are proceeding via the appropriate process in order to address Mr.

I’ve seen folks pivot their plans quickly if they discover one city has friendier permit processes than another.And yeah, the Phoenix area has some really down to earth investor meetups, from what I’ve heard, that can help you level up fast.What aspect of the business are you most excited to tackle first.. managing construction, or scouting out those under the radar leads?

I hired a surveyor,  engineer and ran through the process with the city myself. 

My process is almost identical. 

@Jerome Boudreaux Would you like me to run you through the underwriting/analysis process of have you already done that yourself?

DSCR loans underwrite to the income of the property, and do not require your personal income, taxes, debt-to-income ratio, etc.Of the 1,100+ loans that our team closed last year, I want to say that only 1% to 2% of those were closed in a borrower's personal name.So, it is pretty irregular for us to process an investment property loan under a personal name.Clients usually opt for closing in their personal name if they simply do not have an LLC established yet. 

I like your suggestion of targeting a property with existing tenants and minimal work needed so I can ease into the process while building my network of contractors. 

Over half of my clients are remote Buyers, so I've gone through the STR transition process with lots of investors over the past few years.