I have a variety of contacts and I'm pretty sure I can get in touch with destressed property owners long before auction day (years before auction day actually).

I am looking into my STR options but from what I have learned this is a overflowing market in the area and the vacancy's are increasing so I may look into mid term and long term only.

At the time we received an offer from a reputable short term drug and alcohol rehab facility who operates out of SFHs in LA to rent the entire property at above market rates.

NOGuidance line Terms as least for us in the 2000s were I had 6 different bank guidance  lines.1. advance 80% of loan we needed 20% of our own cash.2. one year term  1 point at each renewal.3.

It is a very long term investment but would sell for insane profits C.

Fast Turnaround: Unlike long-term rentals, you can cash out quickly and reinvest.

Quote from @Emily Gowen: I only recommend investors sell when they can move the money to a better-performing investment or when the sale moves them closer to a specific goal.

Hi Aaron - check out our lender page here on BiggerPockets - you can see info and a long track record of strong reviews: https://www.biggerpockets.com/business/page/49Also, sharing links to the 10-Part Article Series we published here on BP on everything you need to know about DSCR Loans - we are fully committed to transparency and providing info/guidance to the BP investor community!

@Tristan Kelly tenant performance and damage is what you want to watch, along with squatters & theft of mechanicals.Update us in 6 months:)

While none of us will be getting our money back he can live well selling off the remaining assets as long as they don't shut him down.