And if their house is vacant, you can probably get the city/water company to turn off the water to the property.

If not, well you know the old saying, "the best time to get a lead paint certificate for your units was last year; the second best time is now".I've been told that the RI DOH may not start hitting people with fines for failure to register on October 1 as the law allows them to, due to the insufficient # of inspectors in the state to meet the demand.However, I've also been told that the other part of the law, the one that makes it so you cannot file for an eviction in RI without a current lead paint certificate, is expected to take effect sharply on October 1st.For anyone who hasn't submitted their properties/units to the new registry, I have a 15-page guide (with screenshots) that walks you through it.

They are are asking $700k currently for the building, down from a starting asking price of $950k.

I think you need to start looking at other markets to buy assets in, or look to buy and sell assets in NJ for equity.Gino

@James Sillsno offense but i'll just be direct - i wouldn't start with private money. 

Gave a higher LTV because we could cross collateralize against other propertiesEach deal is looked at differently when you are a smaller company and can work with a borrower as long as it works for both sides.

Starting my journey in NC.

I have a great property management company I use there- they do section 8 well.

Is it a start up and that's why he needs to rent a room from you?

My company does over 30 DSCR loan transactions a month, so I definitely have a lot of experience with that program.Mid term rentals can be tough, but they can be done.LTR (long term rent) is easier for DSCR, that would be a traditional 1 year lease tenant.I'm very familiar with the OH state market, if you have properties in mind you want to purchase, they most likely will qualify for LTR so you can do a DSCR with 20% down.