Readers should seek professional advice.

A prudent investor doesn't seek quick riches through shortcuts.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

Readers should seek professional advice.

Seek qualified legal guidance

If so, I'd look into that before a DSCR loan to avoid the prepayment penalty DSCRs carry.

Note Florida offers a 5% penalty rate when bought in the original auction, but removes the 5% penalty rate if bought OTC. 

If you do not wish to pay the increased rent you may decide to seek other housing.

Hi BiggerPockets community!
I’m Frank, based in Northern NJ, where I invest in multifamily properties and short-term rentals. My real estate journey began in 2010 with a three-family property that I lived in, renovat...

Readers should seek professional advice.