So everyone will send the same letter to the same people, they all get turned off and only Andrew profits.  

Quote from @Elias Halvorson: You probably can still do an DSCR, with a letter of explanation on the lates if you wanted something now, otherwise you can wait 5-7 months until those lates are no longer in the past 12 months and do a conventional loan  with better terms.  

Ivana, there's a TON to unpack here and I'm happy to carry on the convo via DM or a call.You're not crazy.

For example DSCR, no ratio, CPA letter, P&L Statement, average bank deposits, 1% down for primaries? 

I realize that once someone creates a letter of intent they can start on the due diligence phase to learn the financials, physical, and legal but what else can I learn about a property before making an offer? 

Hi all,I have a single family home I purchased in June 2021 for 200k.Aside from cleaning up the yard, painting, and new water heater there have been no improvements.I recently got a letter that my taxes are going up as they believe the property to be worth 225k as of June 2022. 

What I found when I made contact was that they had already received phone calls or letters from 20 other investors.

Having access to the funds without needing to refinance again could save on fees and give you flexibility when another opportunity arises.However, if you’re cautious about carrying extra debt with no immediate deal in sight, taking only what you need now might provide peace of mind.

She thinks it’s ok to stay for free and she deserves free housing, non paying her dues or any thing just because she does not have a job (on purpose) and does not have money ( has all money for fancy furniture and gadgets)But anyways she has not paid her move in deposit ( paid partial) and has not carried renters insurance.

In NYC, there's what is called a Letter of No Harassment which must be on record from tenants since often the owner wants to kick out inhabitants to renovate and boost rent and their profit.