If someone is living paycheck to paycheck, or doesn't have any reserves, it won't work.

., what DSCR they use, how much in reserves they need to see, DTI, etc.

I am not an expert on all of the securities law issues, but I have seen gifting of interests in syndication deals to a limited partner's children (cannot confirm that they were minors). 

Maintenance costs will be such that you will be continually spending and topping up your reserve maintenance funds.You will have no positive cash flow to put on your primary home.  

That document seems to be reserved for involuntary liens, like for example a judgment lien.Foreclosure under a deed of trust is of course non judicial, and is spelled out very specifically in the code, so in that sense is simple, but very detailed. 

If you haven't done one before in all seriousness, make sure you have enough reserves to finish one, and expect to lost some money on your first one.Keep on top of inspecting and communication with your contractor. 

I would like to invest using the BRRRR model in an out of state market but have reservations due to all the complications that could arise. 

@Trista FennerWe’re out a couple grand on the deal, so we need to let our cash reserves build back up, but I’ve learned a lot since then!

This would mean the home is already foreclosed on typically.Sounds like you need an authorization letter, you need to confirm who currently is on title, and then you would probably need to attempt a short sale.

I also put the first lender on notice and get a written confirmation if my borrower is in the process of a water landing I can step in and take over the project.