Also, some concern on the $5.3 million in transaction cost to acquire the property approximately 9% of the deal, obviously there won't be any money set aside for renovations given that the property is only a few months old, so this is all frictional cost to the investor. 

Feel free to reach out if you have any questions, happy to connect! 

True private money is going to cost 10-12% plus deal equity which often makes the true percentage 20-22% on your money vs alternative lending which will be around 12-14%.Here to chat if you want some help comping a deal and putting one together. 

Freevee is an option that has a ton of content and could cost little to nothing. 

Just so you have a frame of reference the cost of a 1031 Exchange is typically around $1,200.

They offer a free tier to get started, so it's a budget-friendly option to see if it fits your needs.

Flexibility is an important consideration.If you hear 7.5% DSCR rates, that probably has 1%-2% in discount points (up front closing costs to buy the rate down), a 4-5 year PPP, and it probably assumes a perfect rents/payment ratio. 

We have used Yardi that turned into Breeze (yuk) and now looking at Real Page that looks great but no cost info yet. 

Stay with me.....Say I get a place that allows me to live rent free for the year I stay there or best case scenario put a few hundred bucks in my pocket and turn a Profit.

In a nutshell, here is the deal: the IRS requires that you treat at least some minimal portion of the interest-free payments as interest.