Don't buy your first property sub to or seller finance...there are enough question marks on your first deal.

Thankfully, we’ve already hit the mark on about half of the criteria you mentioned.

There still is a tendency for DSCR Loans in particularly to get lumped in (throughout securitization) with other "Non-QM" loans, mostly owner-occupied when they really shouldn't be in my view, further a lot of the "tech" and software, systems buildout (including loan doc generators) are based on consumer resi which creates a lot of headaches.Anything rehab/construction related though (which is what the original post appears to be more about) is a different animals though - experiences are likely to vary markedly by market, lender, bank etc quite a bit

@Mark Redmann  JV TV GURU  :) just kidding

Quote from @Mark Goodman: Also looking for landlord insurance options in Chicago.

@Mark H.

Quote from @Mark Lewis: @Rob White I invest in McAllen, TX.

Things like septic pumps burning out, steam room dying, guests catching the grill on fire and leaving burn marks on the hardi siding, emergency bug treatment, above ground pool which is ridiculously hard to manage in our heat & having no time to deal with it if it starts to go, laundry & drying time for all the towels and linens, etc, etc.There are plenty of things we can and will get better at, but I'm prioritizing the stress level of my people as well as the very near disasters we've narrowly avoided, over the little bit of extra revenue we'd generate.

@Mark Nashed hey Mark, is there a reason you are not able to meet prospects at the property to show?

You could also start your transaction ahead of the 12 month mark and plan to close right at the end of the 12 months for a cash out refinance.