DSCR loans go up to 80% of the purchase price and depending on the Debt Service Coverage Ratio and your credit score you can expect rates on a 30 yr loan ranging from High 6%- Mid 8%. 

Depending on the actual age of the property, at least some level of deferred maintenance is not uncommon.

Depending on your exact situation, you could likely get something closer to 7% and make these numbers work a little better.  

I see that real estate agents and brokers are too negative on sub to deals……investors looking for low interest rates and or low down payments are too positive on the same.As I stated the reality is somewhere in between, depending on individual circumstances.  

This allows investors to choose the most profitable and profitable areas for investment.

I like the idea of no pets and that is decent income (depending on what the rents are).

But the font he used was clearly to go out of his way to make it look hand written by choosing that font when we can all see that it’s digital.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

AND, your son will be at the mercy of the SELLER and dependent on the SELLER's good choices for the life of the loan.

Depending on the class of property and types of tenants you have, they may not take lightly to you going in and blocking off their thermostats or installing electric heaters to bump the cost of heating into their electric bill.