Pro Tip: Make sure the laundry vendor names the property as "co-insured" and does not simply provide a certificate of insurance for the property's file Since laundry leases are "real property" leases a separate paragraph will spell out that the laundry lease conveys when the land is sold.... so any property that is sold while the lease is in effect will be required by law to assume it. - this is often times confusing for a new or amateur owner who may not be schooled in real property leases.

More than 4 units, if purchased via DSCR loan, require lower LTV due to the poor rent to value ratios.  

You could also look to switch to mid term during a slower season and that would require less money up front!

Also at foreclosure auctions you'll find cash buyers since it is requirement at the auction.  

As a private lender we don’t require borrowers to pay anything before closing other than the hazard insurance - and that they pay directly to their insurance broker or company.

The realtor is making commission on the lot which is now under contract.Points to consider - we have a sales team and process that doesn't require realtors, but usually work with them on land deals. 

The property does require some serious updates, but it definitely has good ARR value based on the money that I paid. 

:) To follow up on our conversation, each DSCR will have different requirements however I am not seeing an issue with you not having personal rental history so you should be good there.

@Hayden ClarkChoosing the right real estate strategy requires careful consideration of your financial goals, risk tolerance, and lifestyle preferences.

I absolutely understand the value of having a property manager but this is not typically or normally the house or the type of situation where one is required.