If you’re honest from the start, the seller knows what to expect and you avoid any potential legal issues.

I have some specific questions and it's not letting me send you a message 

There are companies that specifically offer tenant doesn’t pay rent “insurance”.

Obviously each deal structure can be different based on the specific deal, we are just looking for some ideas as we haven't done TIC structures before together.

I thought I mentioned SoCal but it's San Bernadino to be more specific.

I am new to the game and just looking for a good spreadsheet to analyze deals, single family homes specific.

How many specific questions did you ask?

hey @Shaydon Childersmost responses are right, this will be challenging for traditional DSCR as they dont like gift of equity; and seller credits would be capped (usually at 2% of your purch price) and only allowable to be applied to closing costs. i have one lender (specifically for 1-4 unit investment properties) which will allow for up-to 90% CLTV... and they are okay with seller financing so long as the seller is in 2nd lien position, allowing them in first lien position. they would max at 75% LTV on their 1st, with a 15% allowable seller-carryback (90% CLTV), and then up to 3% seller credits toward closing costs too. they offer 30 year fixed rates, however, due to the added risk for the lender, the rates are going to be much higher than the traditional DSCR loan.

From my simple calculations, taking into account paying for attorneys, business structure/expenses, etc. not to mention the time of due diligence, and understanding legalities, it seems more lucrative (AND SAFE) to invest in a fund.

You will also need to prove that Florida is your legal domicile.