Having a property manager you trust — or at the very least, a streamlined process for tenant screening, maintenance, and rent collection — is huge for buying back your time as you grow.A reliable “on-call” team of vendors and contractors – Plumbing, electrical, HVAC, general repair.

I am in the process of a fix n flip; I  am using a hard money lender.

Its super important to do lots of research on Section 8 and qualifying your property/your tenants for those rents... its worth talking to someone whose been through that process before who knows the local regulations and important persons to contact in order to get that done.

Seems like the seller is trying to use this as a workaround to foreclosing through the normal process. 

(Some banks may not be familiar with Series LLCs and could make the process harder than it needs to be.)

As an agent we had someone on our team that ran into someone claiming they were the owner and started going through the process of listing.

I had a great agent who was able to provide virtual showings and was awesome throughout the process.

Here’s the real talk: getting licensed as a mortgage broker in NYC just to access better rates for your own deals sounds good in theory, but in practice, it’s probably more hassle than payoff if you’re not planning to actually run a brokerage.The licensing process is no joke — you’ll need to go through the NYS Department of Financial Services (NYSDFS), meet education requirements, pass exams, get a surety bond, and stay on top of ongoing compliance, reporting, audits, and recordkeeping.

Working with brokers and lenders that have a good reputation is important as loan terms can legally change at any point during the process as DSCR loans aren't regulated the same way as conventional loans. 

I would figure the vetting process would be extensive, but could certainly make it very passive.