Hi Everyone, I am looking at buying a 15 SFH portfolio in Detroit, I wanted to do a DSCR loan (total purchase $852k) but most I can find say 1 - 4 properties, all the numbers check out and make it very viable.  

They are claiming the house I'm looking to buy should rent for over $200 what I'm finding on rentometer, craigslist, zillow, etc, and even a rental appraisal from my house's appraisal report. 

In most markets people are seeing negative cash flow on house hacks. 

@Jayden SpurlockIn future post the link vs all the photos so people can have the entire document to make their own decision

Some investors, (and some attorneys are comfortable advising)  running without an LLC for some people and instead having an insurance policy in place to cover most likely scenarios of paying.

Because unlike other gurus out there, I am ACTUALLY buying loans.

Why in the world would you buy a property without title insurance, @Eugene Mitchell?

It seems so hard to find good contractors these days that are reliable and show up when they say they do.I just made a post asking how people find great contractors for their vendor list.

Look at the paperwork you signed, that’s what you will have to pay if you buy thsi property.

I wanted to post this as I see many people do all the DD in the world and sometimes too much DD (I love it when the BPO comes back at $140k not $180k but loan balance is $50k and they want to fade/walk away) - but they miss the most important component which is this loan sale agreement.