The turnaround time should be in your agreement so they have priced things accordingly to achieve what it is you need.

Prices did seem better than DFW, but about 5 years ago when it was on my radar, I never found an area where I thought there was good balance. 

One of the biggest mistakes is to focus on solely cash flow and achieving a BRRRR.

It is difficult to achieve this on a single day. 

@Caroline Gerardo  @Thomas LebensCaroline - From the info you are providing, it just sounds like I just have a broader list of DSCR wholesalers at my disposal that offer better terms than those you are using.Thomas - The bottom line is that you can definitely use a DSCR loan to meet your needs and achieve your investing goals.Have a GREAT weekend!!

Report back in 2 to 4 years what the property is worth now versus when you purchased and the cash flow you have achieved.

Renovation costs would need to be financed separately.Private Lending or Hard Money: Use a private or hard money loan to acquire and rehab the property, then refinance into a joint long-term loan.Seller Financing: Negotiate terms directly with the seller for a flexible financing arrangement.Final ThoughtsUsing an FHA 203(k) loan for your first property is a smart move, and with the right partnership agreement, you can still achieve your 50/50 goals.

Plan out what you think your loan balance will be at the end of the loan period and calculate a new interest rate versus the old to see what DSCR ratio will be.

Like Tarik and Christine.. or than merril or any of the others. its a natural progression and the HUGE money is made selling the information. to be fair and balanced like Fox news.. there are always a % of folks that come through these trainings that do quite well and the money they spent forced them to take action.. its just the other 90% who spend the money and well never really do anything..

Specifically I now track month end account balances, maintenance expenses and have a detailed list at my fingertips of the tenants that are late on their rents.