There are other concerns with this approach, but 50% down on a ready to go $150k rental in a cheaper area?

Just found that I was approached by a false profile.

Your best approach is to assume the loan in your personal name and explore legal and financial strategies to integrate your entity afterward.Feel free to reach out with further questions—I’d be happy to help!

I've been chasing houses and unable to close deals, so I'm trying to regroup and try another approach. 

I use the "profit first" approach to cash management and am VERY happy with what it has done for me. https://a.co/d/h16sPxR

As you narrow down your REI type, try to do the broad review approach to see if you have the resources to do that type or scale.  

@Monica Juarez-Gonzales Adding to prior note that @Michael Plaks has created the best resources and content, bar none, to help investors understand how to approach Cost Seg.

Understanding the numbers is key to knowing whether a project will be successful or if it’s better to walk away.That said, it’s also true that every market is different, and combining a solid business approach with lifestyle goals can create unique opportunities.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I hope it doesn’t take him too long as the deadline is approaching...