I'd love if the property would cash-flow after we move out, but the neighborhood and appreciation potential is the biggest concern for me.

That's what has always concerned me with getting a property subject-to. 

I don't like mixing the two - it can get messy if he stops mowing due to mechanical or health issues, etc.

And I generally require a sponsor that has full real estate cycle experience with little to no money lost, low leverage, high skin in the game and reasonable fees and promotes.However, other investors will look at these deals as bad/too boring for them because they are more aggressive and not concerned about the risks of default, refinance, interest rates changing etc.

If you are going in cash it's not a concern but limiting your option for the purchase financing or refinance option down the line will cause headaches.

NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed companies, branches, and individuals licensed and registered through NMLS.

I also have a 3 family that I'm trying to refinance with a DSCR and I am concerned with the cash flows its in Chicago, IL. 

Given this is one of the rougher neighborhoods, I'm a bit concerned that the next set of renters might not be as good as this set of renters.

It also makes it harder for other operators down the road--- not your main concern but we all impact each other.What about you and your wife live in the garage unit, and rent out the house for a lot more, at least until all this permitting is figured out.

It sure is mate,What "killed" the fun for more is scale.10+ deals per month, 30+ in house staff.Different devisions like property management, rehabs, maintenance, brokerage, building tech, personal investments, etc...Came full circle mate.Less is more and not looking to break any records nowadays.Doubled revenue and profits first 5 years lolBecame a monster with 17 heads...I want to get old like you and Jay so health and life first now hahahaJokes and love you fella's