The loan often has two components: (1) purchase and (2) renovation where the latter is usually funded through reimbursement.As an FYI, lenders usually require the property be non-owner occupied.

The term syndication often is used in a multifamily/commercial or other real estate transaction, where a property is being purchased and the GP needs to raise capital (equity, often) to purchase the asset.

Property was purchased for 130k.

are successfully purchasing 1% rule and positive cash flowing deals here.

When you turn a personal residence into a rental, you want to make sure you calculate your basis properly.Your basis will be purchase price + improvements made to the house since time of purchase(Assuming the FMV at time of conversion is atleast this amount).Best of luck!

We are in the process of purchasing a home in Bremerton and we live in CA at the present time.

I was thinking to utilize a DSCR loan for my 2nd Multi family purchase this year? 

One of the car washes is in IL and the other is in Iowa so I'm not sure if I can represent myself in just the IL and does that mean that the listing agent would have to split his commission with me if I purchase?

The obvious play would be for the low purchase price/cash flow. 

FNRP purchased two good size retail strip centers in my local area and put up signs saying it is under their management.