Mostly on trade accounts with local businesses for the materials, some business credit cards, some of the contractors were OK with waiting 30 days for payment. 

Section 8 comes with guaranteed rent payments straight from the government, which is a huge perk.

If expenses are high relative to income, the cash on cash increases when the down payment increases (16k column).

California landlords can now enjoy streamlined maintenance and cost savings thanks to AB 2622.Signed into law in September 2024, AB 2622 raises the threshold for unlicensed contracting work from $500 to $1,000.

I do not have a traditional W2 job so I can't pursue the typical conventional loan or a FHA since I don't have income (hence the DSCR route).However, I've seen that most DSCR lenders do not lend if the loan amount is less than $100K.

Some need rent ratio of .9% and others up to 1.2% Interest rates fluctuate quite a bit.

Quote from @Elliot Rosen: Use a licensed and bonded foundation company and keep the invoices, and disclose it to the buyer.

So in fact, I have the place rented (was going to show it to others on the slight chance they fell through.

Read: The Best Financial Advice You Wish You Knew Sooner?

@Jordan Northrup I have had the same issue, been trying to work with them to re-connect the account for 3 months now.