I am a licensed agent in NY and working on getting licensed in PA.I'm interested in purchasing a rental property with 1 or 2 units, to rent out.Pete

Purchase price: $290,000 Cash invested: $45,000 Short Term Rental (Airbnb) What made you interested in investing in this type of deal?

They will inform you of the problems but still close per your instructions.The unpaid payments are called arrears and they must be paid to settle the preforeclosure.Preforeclosures are a bit tricky and should involve someone who knows what they are doing and what each sides options are.

I would imagine the team you bring on will depend on the focus of what the fund(s) will be purchasing. 

Currently working on analyzing properties, with a goal of minimizing human emotion  and solely looking at the numbers to purchase positive cash flowing properties.  

@Jay Hurst never done a DSCR loan before so this is new information and very much appreciated.

Granted MFH are more common in rougher parts of central jersey and my purchasing power can't acquire me something in North Jersey here homes are much more desirable when it comes to appreciation and schools and safety.

Purchase: He says banks don't offer 30 year loans for CRE.

Granted MFH are more common in rougher parts of central jersey and my purchasing power can't acquire me something in North Jersey here homes are much more desirable when it comes to appreciation and schools and safety.

Run different scenarios, use the information you have and then make it worse case.