All of that *can* be a tough recipe for a DSCR loan at max LTV (75-80% LTV).We even had one major national private lender bail completely on their 5-9 Unit Multifamily product as of this week.

I've done some with owner financing, I have taken personal loans, and I have paid cash for the property.

All expenses must be paid from retirement funds. ( You can't use any personal funds or credit cards to pay bills on the rental). 

FWIW there's locations here in CA where you can (in person) get fake DL, SS card, I9 cert, smog cert etc.

But, personally I wouldn't start the renovation until I'd had done a background check on the person who lost the property, to see if they have other assets they could sell to redeem the property or relatives who might help them out. 

I am not one of those.I do personal communications with all the guests and they have my cell so they can call or text.

Please also feel free to bring an investment, personal financial dilemma, or strategy question, and I am happy to discuss it with you... for entertainment purposes only.

I've used AI that uses Reditt for forum conservation and it's the best.BP has the most very insightful information and tips how to handle residential real estate and rentals, rather than using the old ways of using search engine, it would be excellente when there's AI feature where I can ask something like this "what shall I do when my rental experience this and that happened,etc,etc".... use the LLM that could give input where person that has more like, could have more accurate answer.

i showed this home to another person first and thought it was a nice solid house and decided to buy this. price was good at the time How did you finance this deal?

If you’re looking for nonQM (like a DSCR loan) you likely won’t find a local bank or credit union with those products available, especially sub $100k.