Verifying rental history often takes a long time tocomplete due to applicants not giving us correct landlord contact information, landlords not returning our callsor refusing to give us any details.We also deal with applicants trying to have family or friends pose as theirlandlords.

I've seen several posts mention Transaction Coordination as a natural beginning point for understanding how deals are initiated & completed, or Wholesaling as another idea.

Dealing with a HOA scam that is going on with it, but besides the scam I'm actually really proud of this deal.

We would likely need to raise rent, so if the tenant leaves we would need to deal with the turnover

I do this AM to PM and am always looking at deals!!!

But that was then now is now.. its all on bid 4 assets and the deals are nowhere as good as they use to be not even close.

You don't get deals right away.

We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!

It is a full-time deal, and you will need to build your pipeline of clients for the next 2 years.

If you really want to get a deal from tax liens, contact the homeowner just before they reach the 5 year deadline.....