There is more that U/W looks at than JUST solvency, though if you're properly collateralized and you have positive DCR then those are certainly the two biggest factors that will be considered.

Finally, if you look at the biggest producers (realtors) in Phoenix, there are a lot of people in the top 50 who work for/with Offer pad and Open Door.

@Jay HinrichsI think there are several reasons for the significant drop, but the two biggest in my opinion are related to financial theory and the current legislative landscape. 

What were some of the biggest challenges you faced when starting out?  

My biggest concern with the property is that I will be able to finance it within 2 year to avoid the balloon in the financing.

The biggest pro to this deal is that the seller will owner finance for 5 years, a major perk for me as i only have so much capital and elders are hard to come by with deals in this price range.Any advise or insight would be appreciated.View report*This link comes directly from our calculators, based on information input by the member who posted.

It was a challenge finding a servicer who would do it when I would only have that single note with them.

Most of us don't grow up learning from our parents or in school how to "make money" nor how to solve our community's challenges.

But if you’re up for a challenge, be sure to take pictures and share with us how it goes!

It's like with the seasons: There's a time for preparing the field, a time for sewing the seeds, a time for growth, then harvest, celebration, reflection, and rejuvenation.The challenge for many of us is accepting it is so.