You can include a marketing clause in the purchase and sale agreement that will give you the rights to promote the property, which is the right way to do it.Unfortunately, memorandums are a necessary tool for our business because we usually work with very distressed property owners who might go for a higher offer even after executing an agreement.

Pittsburgh is still affordable and there is an abundance of distressed properties ready for investors to restore and add value.Check out AirDNA and Rentometer for up to date rental data.Our local ACRE chapter has monthly meetups and classes that are great for learning and networking. 

(Unless this was a distressed property or one with an opportunity to expand for the right buyer.

DSCR loans typically require 15-30% down.2. if a property is severely distressed it may not be rentable, and won't qualify for financing.3. some DSCR loans have pre-payment penalties, and so that would be silly.make sense?

My wifes old colleague knew we bought distressed homes and asked us to help her get out of it to avoid foreclosure How did you finance this deal?

I've even made an offer on a distressed property in my last trip and had a great experience negotiating and trying to workout a deal.

I need advice or assistance on how I should go about this Bundle Deal of distressed properties I just came across.The bundle includes 13 properties (all single-family) that all add up to $407,150 and all but possibly 2 are not in shape to be rented out and would need rehab done to it.

If you're open to out-of-state investing and looking for a BRRRR opportunities, check out Cleveland, OH.You can find distress off-market opportunities under 100k in B to C areas.

Moreover the MLS prices even for distressed property never get into 1% rule.

You're stacking risk factors - long distance (I think), first time STR investor, short on cash, partner to buy the land, lack of financing options due to land and non-traditional structures, and a little distress/hurry.