It is a bigger issue in the city because the housing stock is older and that means more lead paint.

sorry to hear about the issues with the credit. there are lender that can get this done for you.

Have to know who your take outs are for DSCR and make sure they offer over 1 and under 1 DSCR as well as no ratio so there is no risk for fallout . issue is that since the market turned a lot of LO's/Brokers have been trying to play in the non qm space and thats who is having the issues .

This could potentially get around that issue.

Make sure you review those before buying so you aren't stuck without a, legally viable, business strategy. 

He likes to find new things to do, create new processes for them, and then hand them off to his staff (like me) and then just stay involved to fix issues and improve over time.Handing your building off to a GOOD PMC may be similar.

You’d have to look all the way to Nevada to have no state income tax, lower property taxes and insurance, no weather related issues and a young property base.

Quote from @Kevin Sobilo:  My leases state that any monies owed are payable "as rent" so that if they do not pay that damage bill I can simply choose to evict them for "unpaid rent" which is simple and cookie cutter.FYI this is not legal in Colorado. https://leg.colorado.gov/bills/hb23-1095 prohibits "A provision that characterizes any amount or fee set forth in the rental agreement, with the sole exception of the set monthly payment for occupancy of the premises, as "rent" for which all remedies to collect rent, including eviction, are available"As for the $600 faucet... it sounds like you just called up a random plumber and told them to install a faucet.

You will more than likely get a higher rate then what you have now but its a simple short term loan that you can refinance in 12 months to lower the rate when rate drop next year (which they will).Use the cash for the DP but I would also advise taking out just a little more as a "What if factor" to cover any unforeseen issues or last minute repairs.

A broker representing the seller has a fiduciary duty to warn the seller as to the risk involved and advise the seller to seek independent legal counsel.