The other aspect is identifying what I call "Ugly Inventory" so that you find homes that can still pass an appraisal and not be "Subject to" so that you can do some TLC with repairs/renovations to borrow off of the ARV.

However, precise execution according to IRS rules and clear documentation in the divorce decree are crucial to ensure it qualifies for tax-free treatment.

Given the substantial prepayment penalty and your current low DSCR, it’s crucial to evaluate how long you plan to keep the property and whether the savings from refinancing will surpass the cost of the penalty and associated fees.

Happy to talk about any aspects of PM from both the ownership side and as a PM operator side if you think it would be helpful, but I would want my PM to use an attorney and I would be happy to pay it. 

@Jeff CostaMIAC, Mission Capital, Rams asset management all have huge portfolios they sell and provide tons of reporting on all aspects of the market.Last week we had over $1B come across our deskThe challenge to disrupt is the space is more about not only who you know but who you trust.Many of these companies have been around for a while and if the buyer pays the commission, the institutions that use them and have had large trades go through with them - why would they switch to someone else when it doesn’t cost them a penny

If you think that it would be helpful for me to talk about this aspect of business development for owners of commercial properties then I would be more than happy to share my thoughts about it.  

This was a labor of love and there were so many unique and challenging aspects to the flip.

My dad told me that after the house had been sold that he realized that together with him doing and handling the business and bookkeeping aspects of the business and me learning the trades that we could become a lethal combination.

No sense trying to delve deeply into technical aspects of the law over small amounts of money.

**Exit Strategy**: Make sure you have a solid plan to refinance or sell the property before the loan term ends or in case the lender enforces the due-on-sale clause.Being diligent with these aspects will help avoid potential pitfalls in your first Subject To deal.