And, here's why:  our year-over-year rent increase exceeds 7.5% and our year-over-year property appreciation is in excess of 5%. 

I found the amount of the insurance to be excessive and question the need for the insurance at all but the buyer wants it I also find it ironic the in Colorado it ie accepted that the seller pays for this insurance, I understand it can be negotiated.

intcmp=vhp-bb-fbcIts important that things get done, quickly and in a professional looking manner vs just being the cheapest in town.What I am saying is it's (also) important to Judge the outcome by the quality of the work, and the speed (to prevent excessive downtime).Cheapest is not always best.

Depending on your credit, down payment, property details, if you're self employed you may have to use two years of tax returns.Generally people will consider a DSCR loan if they have maxed out their DTI, don't have a regular W2 job, don't make enough money to underwrite a loan based o their income, would like to hold the property in an LLC or would like an easier underwriting process as the lender is only looking at the purchase property and not asking for lots of income documents or excessive documents for other real estate owned.  

Of course the list of violations are excessive which in turn increases my acquisition cost.

Since I will be a college student my main focus of purchasing properties will most likely be creative financing, as I will not have much extra money after housing, tuition, and all of the other excess costs for a college student.

major red flags I've seen that are not mentioned above:most recent landlord reference is overly positive regarding the applicantinability to complete application without excessive handholdingoffer to prepay rentoffer of additional deposit in lieu of credit check

On the retail side, they are fat with overhead most times and it is negatively affecting pricing because margins have compressed and they struggle to adjust.   

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

In addition we're finding lots of "old property problems" leaky pipes, wood rot in some areas as most have original windows & framing on the exteriors.To sum it up, I see long term potential but this isn't an easy "buy & hold with a fat cap rate" you will need to put some work in & make sure you have a solid manager in place to help you deal with your problems as they come.