I have photo documentation and videos of all of this.At the end of the day insurance would not cover this and we had to pull the claim.They are charging us for the full amount and I’ve been able to reduce it by about a 1/3 from $3000 to $1900. 

Purchase price: $550,000 Cash invested: $1,050,000 7-unit new build to rent What made you interested in investing in this type of deal?

Purchase price: $1,050,000 Cash invested: $250,000 7 unit BRRRR deal What made you interested in investing in this type of deal?

Also, what type of property (turnkey or fixer-upper) / and your rental strategy (short-term vs. long-term)?

Knowledge of the real estate market as to property type and location 2.

I type in Scott Carson the Travis County District Clerk site here:https://www.traviscountytx.gov/district-clerk/online-case-informationand find 7 closed and 7 active cases against ScottFrom there I go to the Clerks site to see the judgments:https://www.tccsearch.org/RealEstate/SearchEntry.aspxThere are 4 from what look like investors and one from the IRS: One is particularly troubling as it specifically mentions Fraud:I started to look at other counties.

where would I go to find buyers for this type of deal?

And if you happen to know a lawyer that’s adept at crafting these types of structures and agreements?

Hey Julian, As others mentioned, DSCR loans will be underwritten based off of the appraised value or cost basis (purchase price + documented rehabs) depending on seasoning period when you are looking to refi.

Avoid any communication with this tenant that is not documented (like email).