Welcome back to the northeast!

That's fine as long as all the payments go directly into your SDIRA. 

I am looking to purchase an extended stay hotel.

Quote from @Tekoa Glover: I want to know if I am entitled to a denial letter if I am denied a DSCR loan.

 @Ephraim FrancisWelcome to BP! 

While no property is too big or too small for a cost segregation study, it’s important to speak with your accountant to ensure the benefits outweigh the cost of the study.

The profit was used to buy a higher quality SFH in the same area.

Hi BiggerPockets community,I’m new to real estate investing and currently running a remote operation to help connect investors with distressed homeowners and foreclosed properties across various markets.

Obviously, the rules will differ from state to state.The most successful buyers have trusted bidders with cashier’s checks in multiple denominations (for cash sales) and the actual buyers have field runners and people to monitor multiple prospective properties at a given time and check sales status for postponements due to BK, etc.This is the case in larger metro markets where many properties could go to sale but few do so.There are often better ways to acquire properties then auctions.

I'd love to connect!