FloridaHi Esther - if you end up going with a commercial DSCR loan to purchase a rental you would need to use an LLC.

They always send pictures pre-rehab and say it will be done with the purchase price.

I received a 6% return rate, and had a chance to purchase 4 properties.

Purchase price: $215,000 Cash invested: $75,000 Sale price: $410,000 Total and complete renovation!

Purchase price: $110,000 Bought the house of the MLS.

The Federal Housing Finance Agency (FHFA) gave conditional approval on Friday for a pilot program allowing Freddie Mac to purchase SFR closed end second mortgages. 

Purchase price: $215,000 Cash invested: $75,000 Sale price: $410,000 Total and complete renovation!

Cons: Property 1 has strong expected IRROption 2) Sell property 1 to pay off a construction loan on property 5 and purchase new SFR -- Pros: Improves cash flow by $1,000 / month, Adds $40k cash to bank account (after $30k loan repayment and $40k SFR purchase). 

Purchase price: $150,000 Cash invested: $75,000 Sale price: $332,500 Attention to detail was perfectly executed through out the entire home.

Understand Closing Costs: Be prepared for closing costs, which can be 2-5% of the purchase price.7.