We got the price to a much more reasonable amount, allowing the seller to finally sell it, and passing on a good deal to the end buyer What was the outcome?

It will be beneficial to your learning journey. 

They have a long close working relationship.Be aware, that I know all of them, as I did do some business with themThe Province of British Columbia is failing investors in their lack of laws, and the disclosure of "Beneficial Ownership".

Consider if it will truly benefit your tax position, liability protection, or asset management, or if it will just add unnecessary paperwork.If you’re in a state like California, keep in mind that you’ll have to pay $800 annually to the Franchise Tax Board, file a periodic Statement of Information (SOI), and submit a Beneficial Ownership Information (BOI) report.It’s a good idea to consult a real estate attorney to ensure you’re making the best decision for your specific needs.

I will be closely following the outcomes from this and always make sure to have reserves to weather the storm if needed.

A foreclosure takes 7 years to go away too.I have a contact that specializes in mid term rentals so feel free to connect offline if you need that expertise. short term rentals option may work too.good luck and wish you all the best on getting a decent outcome for such a difficult situation. 

What was the outcome?

Renovating 4 units and upgrading exterior What was the outcome?

A DSCR of 1.25 or higher is usually required.Property Appraisal: A professional appraisal to determine the property's value and income potential.Business Plan: Lenders may require a detailed business plan outlining your strategy for managing and profiting from the property.Experience: Demonstrating your experience with smaller multifamily properties can be beneficial.

Back then, BRRRR worked because we could predict future outcomes with some certainty—what a property’s value would be post-rehab and how the refinancing terms would look in 6-12 months.