Here’s the bottom line; unless the deal is VERY large, or the sponsor is going to syndicate a large number of deals, the investor will make more money purchasing the property theirselves with a option low to moderate interest rate loan.  

Purchase price: $2,000 Cash invested: $60,000 Sale price: $91,000 Bought this one from WCLB with the intention to fix it and sell on market to homeowner.

Purchase price: $2,400,000 Sold a single-family home and did a 1031-exchange into a 5-unit building at a cheaper price.

For a purchase generally application would be to review an ID, asset statements, and LLC docs if neccesary. 

Purchase price: $375,000 Cash invested: $87,000 STR What made you interested in investing in this type of deal?

The purchase contract makes the buyer legally responsible for the loan. 

Hi David,There are lenders that will allow you to purchase via a DSCR loan using STR income to qualify.

I recently purchased a second foreclosure property, another condo on the east side, and am looking forward to flipping this one. 

I have a property that I purchased in Madison NC (about 25mins north of Greensboro). 

I am 1600 miles away from three residential properties I just purchased in Jackson, Mississippi.