Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.

I would say that your QI should be competitively priced, but the lowest price is not always the best. 

My model is NOT good for LTR as it's not cost effective. 

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

Whether the seller was open to a buyer commission or not, I wouldn't put an additional cost into any personal purchase.  

It hurts the tenants ability to find another rental, nobody wins, and it takes forever costing you money. 

Whether you're curious about cost-effective renovations, navigating building codes, or optimizing a property's layout, feel free to reach out.

With down payments, improvements, commissions, title work, holding costs etc....

What's the location, purchase price, expected Reno cost, ARV, etc.?  

Second year distributions rise to 5.27%, third year 7.27%, according to the projections.Those projections may be at risk, for many reasons: the recent huge increase in interest rates -- increasing the cost of loans and decreasing valuations, insurance costs have skyrocketed, real estate taxes are up, labor and material costs for repairs & renovations have increased, etc.On the plus side, the majority of the ODC funds were designed to be high value add projects with plans to increase operating efficiencies, add tenants and raise rents.