NACA is great for first-time buyers and will work with you.Neighborhood Assistance Corporation of America (NACA) details:NACA was formed in 1988 and provides an affordable option for potential first-time buyers:✅ No down payment✅ No closing costs or fees✅ No mortgage insurance✅ No consideration of credit score✅ Below market fixed interest rateThere are several requirements to be eligible, starting with attending one of their workshops.https://www.naca.comI wouldn’t worry about the DSCR and LLC right now.I wish you all the best.

This is higher risk, but also higher potential upside.  

Drop in the lead, it analyzes the aspects as you said above and gives a report about flip potential, BRRRR, wholesale, etc...this would allow us to at a glance determine what best fits out individual strategies/risk tolerance, etc...Looking forward to seeing where this (and AI/LLM tech in general) goes! 

Realistically I'm aiming for May 1st, 2024 to list the property so 30-45 days prior I will hound the market looking for potential deals.

If you did get a 3BR townhome, its likely the HOA on such a townhome is significant where it would bump you CF negative.You will not find a 3BR in Cary for $300k that's turnkey, other than potentially a condo at time and again, those HOAs will take you CF negative.

This obviously has a huge impact on analyzing the cash flow of a potential property.

Liens and mortgages are secured against the property, meaning if the property is sold, these debts must be paid off with the proceeds from the sale.Making an Offer: When you calculate your Maximum Allowable Offer (MAO) using the formula you've provided, you're determining the most you can pay for the property to ensure a profitable deal for yourself and a potential cash buyer.

I would consult a lawyer if making an offer in a situation like this because there are a lot of potentially technical issues to consider. 

The next time a tenant in one of these scenarios goes to rent somewhere, their credit report show a gap in their rent payment history missing the context of why there's a gap, leading to a potentially rejected application even if their credit score is slightly higher.Based on the data we've seen so far, reporting a tenant's rent payment history to the bureaus does more harm than good because of all the myriad things that can go wrong leading to a confusing permanent record for those tenants.

BRRRing locally can be a solid strategy if you're familiar with the area, especially if you can secure fixer-uppers with potential.