Two options: (1) financing investment properties in the future in an LLC, that way you are not the borrower just the guarantor, (2) debt service coverage ratio loans are more expensive, but make the process of refinancing easier

The process is tedious.

I consulted attorneys who are telling me it will be at least a 2 year process to evict in housing court let alone all the protections services available for elderly / appeals he can raise.

Hard to say until you go through the process...but other real estate investors in your market HAVE worked with other lenders.

Best to consult an attorney - these types of things can get complicated and take time to work through - don't want to be in the middle/end of a lending process and have this be unresolved/still pending

He did a full renovation and in the process switched from a wall heater/central forced air unit to mini splits.

@Joshua SunThe appraisal is often the biggest wild card in the BRRRR process for SFR.

By understanding and correctly calculating the numbers, finding the right properties, and building a strong team, you can successfully execute this strategy and grow your real estate portfolio.Good luck with your investing journey!

Hi Mason and I wish you success with this property!

If the property goes unrented or is rented but the tenant doesn't pay can you cover the mortgage, eviction cost, renovation cost and holding cost during that process and pay your bills?