The syndicate ran out of cash reserves and doesn’t have enough to purchase the required replacement rate cap.Foreclosure/DIL/short sale may be the best option.  

I still have my VA benefit and am wondering if I coud do this type of house hack using my VA benefit?

Seeing a lot of success when people have an unemotional optionality for the project and simply run the numbers when the project is complete - put it on the market for sale and for rent and then plug it into a pretty basic spreadsheet!

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

Going to be very different cash-out refi options depending on the type of building/tenants

If you are looking for a generic 80-90% of purchase to fund with a good FICO score for a normal 1-4 unit, you don't need to spend too much time on finding lenders as you have plenty of options.

The rent is less but compared to the expenditure it’s a much better option in my situation.

I know of some options where you can go to non-traditional lenders and use a DSCR (debt service coverage ratio) loans and you may be able to leverage that money and not have to rely on your credit to get approved.      

DSCR is a good option here.

Hi Everyone,Wondering which website is best to screen and run a background check on tenants and easy to use rental platform?