Conventional refis require 12 months of seasoning now, so many investors are using DSCR loans.

Use a DSCR loan - No DTI or the same red tape quasi govt loans have.20% down for a purchase and would require roughly 2-3 months reveres roughly for each REO ownedOnly target goal is make sure your market rent is 1:1 with your PITI.

I was required to add exit signs in the shared hallways / stairs, and to add interconnected heat detectors in all units, and to upgrade all smokes in all units to be hardwired, and to create 1-hour fire separations between the three units, which we accomplished by painting the ceilings and walls shared with stairwells/common halls with intumescent paint.

My philosophy is that trying to find the optimal location, the optimal investment, and the optimal moment to enter the market is a giant waste of time and energy.

Happy to show you properties and see if it meets all your number requirements!

This requires expense, time, and marketing. 2.

Key requirement is it must be the primary residence.  

If you ever plan to rehab the property and have to pull an electrical permit you could be required to do a complete rewire.

This means I may owe US income tax on those proceeds, even though I am paying the required Kenyan taxes on the same rental income.

All figures are generated for illustration purposes only and do not reflect actual figures of any of our current/past transactions.Questions:1-If our debt package requires 3 months of prepaid P&I ($15,000), should we increase our Sources & Uses schedule to account for this figure, or do we anticipate the property to perform & simply borrow funds short-term from ourselves or 3rd party credit until operating incomes can pay back the short-term loan?