It is based off the lesser of the appraised value or purchase price.

It will get me where I want to be far faster.  

So, with no foundational knowledge of real property, and no capital, his only alternatives are (1) “bluff” the homeowner into thinking he has the money and intent to close the purchase himself and or convince the homeowner he has an extensive list of cash ready interested buyers (“partners”) with whom he’s done dozens of prior deals or (2) pack up shop, write off the money invested in mentoring to a worthless investment, and decide IF real estate is right for home.  

We're not keeping score, but if were, @Mindy Jensen is at 10k+ and @Scott Trench is at 5084...just sayin'In the words of signing off of the podcast Mindy - you got doubled up, buttercup.

Any 3rd party insights would be helpful before I officially file, as it affects my write offs significantly. 

Another I am an investor in, with a check far closer to OP's sizing, 506(b) with average check size around $300k.  

As far as the objective Medium and long income through rental income, appreciation, and to have a stable cash flow. 

Hi Julian, DSCR loans are underwritten off of appraisal rent schedule and / or lease associated with subject property. 

.: When you have that many units to fill, it may be wise to start off with some incentives to get renters in quickly, then remove the incentives as the units fill.Lower your price, but never lower your standards! 

Other times the lender gave us a postponement (anywhere from 7-14 days) to get the funds sent in.This is like pulling off a touchdown drive with a minute on the clock and no timeouts.