The are always multiple variables such as: are the gift funds involvedProperty typecondition of the propertyIs it ruralTitle seasoningReservesLTVWhat is the estimated DSCR ratioCitizenship status: Foreign National, ITIN, Citizen, Resident, permanent residenceDoes borrower have investor experience or notMortgage payment history called a VOM or proof of timely paymentsGift of equity or not100% gift funds or does borrower have at least 5% down payment and their own reserveshow many acres does the property have?

Purchase price: $55,000 Cash invested: $85,000 Sale price: $280,000 I feel like luck and timing played a roll in scooping up this Garfield Park home.

Market changes all the time. 

If you are paying a premium to just win the lien to make interest, most redeem with in the first year so even on houses and properties that will redeem 99.9% of the time, who would pay more than a few % over for those because you are not going to make much in interest and if they redeem in the first couple months you will lose money on all of those.

You may consider a business attorney familiar with your state or jurisdiction if you do not wish to spend the time to do it on your own.  

However, if you plan to rehab at all, you will then need a licensed contractor to provide bids on each project you plan to rehab.You will then be asked to provide a proof of any funds to close, purchase agreements, and if closing as an LLC - most times documentation on that LLC.Overall, the larger number of units (5+) makes the lending process based more off the property than the borrower, contrary to traditional single family housing.I would recommend you work with a Loan Originator/Broker who will be the medium for you to the lender/s.

You should spend some time and take a few trips to NC to see all that this state has to offer. 

A unique place will make them stop scrolling but the amenities will be why they book/enjoy their time. 3.

Do I need a full year of rental history to prove to the bank that it can cover its own debt?

My wife and I were both teachers at the time and found a great house in an “emerging” neighborhood.