We are going to be owner-occupied this property. 

The gsccca site is pretty pathetic.

You’ll obviously get less than an owner occupant.

@Logan M. it’s because agents are owners receiving stock awards and passive income opportunities for life just for supporting agents who join the company.

In either case, I would say most lenders will not allow the use of funds if its not for business purpose only and you definitely cannot owner occupy on a DSCR loan. 

I'm still curious about people working together with the next highest bidder (presumably one with discount) winning.I appreciate your insight, I've read several of your posts and bookmarked your site in my research on investing here in Detroit! 

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

So you pass the rentredi fees (or whoever you use) onto the tenant?  I was considering paying the ACH fee, which is only $1/transaction.  Thoughts?

Propstream and other sites like this are doing it.

I'm prepared to offer $3 million for the purchase, with the unique advantage of 100% owner financing.