This would be specifically for a property that doesn't have previous rental history.

An estoppel certificate fixes this problem.

Because of this, he’s willing to sell at a lower price.

So all in I am at $240,300 , hard money I am factoring in as 15% rate and since I’m borrowing 840k for let’s say 6 months , I’m factoring in hard money costs at 63k for 6 months So now all in I’m at $303,300 ARV should be at least $1.3 million (conservatively) I would cash out refi with a dscr loan and get back 975k , I would pay the $840k I owe to the hard money lenders , leaving me with 135k , and I would pay myself back with that money , and since I would have $303,300 invested , I would pay back 135k to myself leaving me with $168k invested in the house with a equity position of $325k , the actual house number are such after the cash out refinance: This house has 2 units and 3 accessory units Mortgage : $7100Heloc payment : $1300Total = $8400Live in 1st floor Rental income 2nd floor : $30003rd floor: $1500Accessory unit 1 :1200Accessory unit 2 $1200Income : $6900 Net : negative $1200I also already have a house that’s breaking even , but I’m living in one unit and if I move out that house would become positive $1500 which I can put toward the payment of one of the other houses .

Why are people traveling to the area, understanding this matters. 

we invest in Detroit I love the city  more then willing to chat about what we   have learnt if you are interested

I want to purchase them using a DSCR and need help with this deal.

I’m an REI located out of Bandera, TX, and would love to connect with other investors in this area.

Hope this helps and good luck with your investments!

Think of CRM work or writing content creation as a way to learn how effective the VA is and build responsibilities out from there.