From stories I’ve heard, it’s not rare that the seller will keep the tenant in there until closing date - they’re probably maximizing what they can get for rent.

I'll actually be in Detroit from Feb. 4th-10th.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

DSCR REFI qoute loan amount: 112,000rate: 8.99points fees and cost: 11,576cash out value: 16,424Bridge loan. 84,000 interest only 12 months at 11.99% property will rent for 2000 at a 1.76 DSCR score. thank you A few things with lower loan amounts and DSCR loans:- Higher fees are actually NOT unheard of @Ko Kashiwagi - when you have a loan amount less than 150,000 (on average) there is a tipping point in the spectrum of rates and fees.- I see this scenario all the time, borrowers with loan amounts less than 150,000 will get whacked with higher LLPAs simply because of the cost to service and UW the loan.

Hey @Steven Barr, I would be curious to know the actual KPIs of people successfully doing D4D.

If the notice comes on the 1st of the month, they actually have until the end of the next month - effectively 60 days. 

Sure, the rate is good but does that math actually work out for the borrower and often the answer is no. 

All of your questions about how to minimize cost and maximize value are great, but you're kind of jumping the gun until you can confirm that there's actually a path forward on this.

. :)   Let me know,Josh Dates

No crazy appreciation but we can actually negotiate deals down.