Prepare yourself for a battle every single day.

it does amaze me that this program still brings in folks.. 

The main DSCR programs I see are those for 1-4 units and another program for 5-8 units.

Hi BP Community 👋🏾I’m exploring sober living investing and came across the Sober Living Riches program by Andrew Lamb.

It is a 4 month program for $8000. 

I do have a program that will go to 80% on NOO, but the min loan is 125k. 

Agree with all posted by Stuart & Corby, except about the Renters Insurance.We offer Renters Insurance to our tenants also and it's a special program only PMCs have access to and is a much better & cheaper "product" than tenants can get on their own.You have 3 options:1) Check the lease for a "transfer of management" clause to see if that can terminate those services.2) Negotiate with the tenant to terminate those services.3) Retain the PMC through the end of the lease.

I have a fix and flip program up to 100% financing could fund multiple deals.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

e.Be prepared for turns more frequently with MTR verses LTR, meaning gaps more often.