(assuming the cash flow is higher than PITI).My second question is if I acquired a duplex via seller financing, would that also decrease my DTI?

Technically no on foreclosure, but one borrower handed over the property via deed in lieu.

I think we've already connected via DM but I always love seeing more folks get started in Detroit.I'm planning to get out there at least once more this year.

Now, in order to close your transaction with the A to B you need wet funds of $150,000 (bank has agreed via your purchase contract to pay all clsoing costs).

And it stands a "opportunity" of Pyramiding gains via 1031 into securing 3 similar units in market.     

I currently live in Southern California but am looking to dip my toes into real estate investing via purchasing a rental investment property in Kansas City (I have roots there, visit fairly often, have real estate connections there, etc.).

@Devin Peterson@Robin SimonI have multiple DSCR loans, including one brokered via The One Brokerage, David Greene's company.  

Having this belief, at the MTR summit there were multiple people claiming to be crushing it via arbitrage but not one of them claimed it was very passiveSeller financing can present an opportunity but what often happens, espicially if on the MLS, is the property sells at near retail taking into account the financing.  

The more properties you underwrite the smarter you'll be in the area.Happy to talk further via phone if you'd like.

@Scott Trench you could never trade individual loans via PeerStreet, to the best of my knowledge.