I understand this is almost only used between an individual buyer and an individual seller who is seller financing the property, not banks.

At this moment this house does not qualify for morgage criteria of the Mexican banks, mainly because there is open space missing needed to reach a ventilation. 

Since you “placed the property in service” (e.g. made it ready and available to tenants) in 2023 you’ll report the rental property and any rental expenses paid OR income  received on your 2023 tax return. if you didn’t receive cash in bank account until 2024 for booking in 2023 you’ll report this rental income on your 2024 tax return.

Account Closed : My primary goal is to have a few investment (individual or small multi-family) properties that can generate some cash flow and build up some equity in the long run.

You report it directly on your personal return if your accountant determines you can (or if you remove one of you from the LLC).

I encourage accountability by being accountable.

Account Closed Hi I am also interested in the Flint area, please let me know how can you help me thank you.

@James Burciaga you can go the traditional bank route, paystub, taxes, W2 or you could go the DSCR with less documentation but slightly higher rate.

You just have to make sure you account for that type of capex issue in your underwriting. 

Here is why I love using Subject To, when it's appropriate. This is a current on market deal for comparison. Aren't those Red (Savings) numbers beautiful? (But, you have to know how to do this legally and safely)
Cli...