This approach not only allows you to create value through renovations but also increases your overall return on investment.Off-market deals are typically cash transactions, but if you don’t have the cash on hand, you can consider using a hard money lender.

We funded one of his deals earlier this year. 

Since I presume you don't have a PPP, it's likely a good option to refi as soon as the deal makes sense number wise, potentially in the high 5's.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

I want to purchase them using a DSCR and need help with this deal.

I’m interested in purchasing a rental property and or properties if I can find the right deal.

Purchase price: $395,000 Cash invested: $50,000 Sale price: $395,000 Recently sold listing on a townhouse in Bradenton, FL What made you interested in investing in this type of deal?

The big difference today is we dont have to carry paper.. we buy for cash and sell for cash.. its a very narrow niche of course.. and the marketing is just like any of the wholesalers big spend on out bound .. and guys/gals that can close a deal on the phone..

I still like direct mail.  

I still normally leave 15-25% in the deal.