Many states have laws about what an investor can and can't do when homeowners are behind on their payments and in the pre-foreclosure stage.By the time a pre-foreclosure home is listed by the real estate agent the home would like be sold at market value.

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.

they look like they'll cash flow a few hundred dollars a month but then you have a rough tenant turnover, or a big capex item come up, and boom - your cash flow is gone for 5 or 10 years.here are two really good threads to read.Overleveraging, net worth, cash flow and headache factorBaltimore - a path to never-ending painhappy to help further.

There are several groups that have meetings, check the 'get started' tab up top and look for any that are listed there, plus the meetup app and I am on the board of the local REIA. 

My interests includes but is not limited to co-listing Airbnb, short term, medium term or long term rental properties just to include a few.

BP Has a list also of recommended DSCR lenders!

But Don is making actual payments to the bank, so he has these payments listed on his bank statements.Both me and Don claim this interest as a deduction, and both of us are audited by the IRS.

Specifically for the missed items during the review prior to the initial call, as well as the piece on no action plan.

I ran some very basic numbers on option 1 and if you can get a ST/MT rental per your comments and other assumptions you list, this could be a deal for you.

I would just list as is.