Lastly, it could be that the bank is going to portfolio your loan at below-market pricing because they want the entire banking relationship (deposits, transaction processing, consumer lending, etc) or simply want the risk (yield).Lots of local and regional banks have been retaining loans at really aggressive pricing recently as the current environment makes this favorable for them.

Are you planning to invest locally in Louisiana, or are you looking at other markets too?

I have several deals I'm putting together with houses under contract that are below market and will cash flow when closed on.Doing Due Diligence and I wanted to see what experience you guys had with this lender.

Work with a REALTOR with a solid marketing plan and a network of buyers. :)If you are trying to market specifically to investors, join local investor groups (in person or on facebook).

Generally the fees are going to be very rough on DSCR Loans of that size (as a percentage of loan amount) but probably no choice right now - the market for DSCR Loans under $100k is very small and less than $75k even smaller. 

What has worked well for me is looking at properties that have been sitting on the market.

If you're considering other markets outside Cleveland - make sure to check out Columbus OH.

We spent four years in a duplex, maintaining it in our rental portfolio as we transitioned to another house hack residence with an additional accessory dwelling unit-type house next door.Navigating the intricacies of FHA loans in competitive real estate markets can be daunting, given stringent home requirements and more complex processes.

In its current condition, I believe it would appraise for 160-170 and after updating the house cosmetically, probably  180 or more if I had to guess. 

Last month he was trying to scare everybody out of the Detroit market so he could buy more properties for himself at a better price lol.