I've been trying to go through the presentation to understand it a bit more but having not experienced it myself, I'd love to hear other people's opinions on this subject.What are your thoughts?

We cover the fees up front in our marketing & outline it again during our walk through.

I would much rather have the benefit of cash flow, forced equity through improvements, appreciation, and depreciation working for me. also have the ability to sell or cash out refi if I needed a large sum of money in the future.

In my market, you typically need to force appreciation and rent growth through renovations to cash flow.

But from 2020 through 2023, we experienced a market imbalance fueled by a number of factors:  Revenge vacations resulting in not enough supply, cheap money, and lots of sunshine pumping by "seasoned" real estate pros.So if you bought in 2019, it's likely that today's numbers are working out quite good for you.

I can invest my own funds and can secure a small amount of extra funding through friends and family.You're right, I'll just start underwriting the deals and making offers to learn.

I think a short-term fix-and-flip loan would serve you better because, first, the credit requirements are typically lower than a DSCR loan's credit requirements, and fix-and-flip loans will fund a portion of the purchase price as well as some or all of the rehab costs (usually through the draw process).Right now, saving your cash, rebuilding your credit, and finding both a partner (ideally with a higher credit score AND experience) and lender you're comfortable with should be your priorities.

But through determination and perseverance, I overcame those hurdles and emerged stronger and wiser than before.Now, I'm eager to connect with fellow investors who think outside the box.

When I applied for a personal mortgage in 2021 I don’t remember the underwriter caring about the outstanding principal amount on the commercial loan since it is through an LLC.

I'm stumbling through this, but I know that multifamily is going to get me to where I want to be quicker.