If you do buy a pre foreclosure and follow all the rules and sell within 36 months any profit 80% has to go back to the original owner  who was in foreclosure.Since I made living doing foreclosure rescue prior to this . the new laws removed that activity from my business..

I was determined and wanted something that I could sustain for the long term for my family's livelihood and control the effort I put in and the results I got from that effort.I specialize in sourcing properties for fix and flip investors nationwide (wholesaling, but with real-world experience and closed profitable deals for myself and my investor partners) with a roadmap to acquire rental properties as finances permit.A lot of our deals are currently coming through organic search as I have a background in substantial traffic generation through search engine optimization and organic means.

Some investors have found that working with the right team even in challenging markets can be a pleasant and profitable venture.  

.: Quote from @Theo Hicks: In ideal conditions:Pref equity receives higher ongoing distributions but no profits at saleCommon equity receives lower distribution and profit at sale (assuming their is cash flow left over after pref equity is paid and assuming their is profit at sale.In non-ideal conditionsPref equity may receive ongoing distributions less than pref, or no ongoing distributions at all, but the pref accrues.

Keep in mind that landlords in expensive markets aren't making an profit (cash-flow) on rent.

With a passion for finding undervalued properties and transforming them into profitable assets, they are eager to learn, grow, and build a successful real estate portfolio.

For traditional loans that rely on personal income and DTI (Conv, govt), there is no requirement that the properties be profitable.

small profit Lessons learned?

Would you say that is accurate and if so, would it be worth pursuing a conventional loan first because of the higher cost of a DSCR loan?

Hey Andy one of the keys to profitability as a landlord is quick turn over. if you where renting your unit out for $2,000 a month and waited 3 months to get someone in.