Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.

Any insight or information appreciated, thank you!

I know when you buy a foreclosure in Oregon and you intend to live in it you can evict.

What kinds of deals do you prefer?

.: I saw an ad for Wavemark Capital which led me to Mike Ayala on linkedin.

As mentioned, we "openly and notoriously" record the deed for the world to see so there is no hiding things from the bank (which could be construed as fraud not to mention poses many other risks for creditor liens, etc.) 

@donyea @Donyea Jenkins Im happy to help if you need an agent or if you just have a question about a property.

As for the legalities of setting up an LLC to protect you and your partners, I would consult with an attorney for best judgement. 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Quote from @Cosmo DePinto: When applying for a DSCR loan, can you base the rent off a section 8 tenant?