This is not just a racial issue. 

Also, if it's Lennar, be prepared for problems, insulation issues and therefore paper thin walls. 

For big BRRRR projects, hiring a project manager or having boots on the ground can be worth the investment to keep GCs on track and catch issues early.I’ve had OOS clients who’ve been successful both ways—some met their GCs in person and others didn’t.

Based on your numbers, and assuming you have a credit score high enough and have never filed for BK, you shouldn't have an issue getting approved for an HML to buy/rehab the property that I would estimate at about $370k-$375k (which includes 100% of the rehab costs).

If you are new to the business the most common issue is you're either locking up deals too high or you aren't finding attractive deals.

Both told me the apartment floods so bad amongst other issues.

Bob - I have five occupied padsplits under contract right now with Fernando Corona and have closed several with him this year.Normal DSCR brokers have issues getting this through underwriting - it's important to work with a broker / lender that fully understands how to get these to CTC.I'll PM you

Hi @Mindy JensenI had the same issue as  @Deborah Burian.

The issues can be local so look for someone in your area who is posting and try to contact.   

I have had no issues finding renters for our units and have have minimal turnover.