Further investigation reveals that, under their stewardship, Versity has relinquished control of several properties: lenders are initiating foreclosures on multiple assets, receivers have been appointed in others, and they’ve pursued bankruptcy for at least one more.

I’ve been focused heavily on national lenders and hard money options, but your experience highlights why local relationships are likely a better long-term fit in markets like this.When you initially approached local banks/credit unions for those early refis, did you already have the property stabilized with a tenant in place, or were they willing to lend based on projected rents and appraised value post-rehab?

When she initially moved in there wasn’t security deposit and I’ll have the in writing.9.

Quote from @Julien Hill: Over the last 18 months working with mortgage brokers on DSCR deals, I've noticed a pattern with the partnerships that actually work long-term.It comes down to execution fundamentals that protect everyone involved, including the broker's reputation, the investor's timeline, and the deal itself.Consistent execution looks like the below:Response time matters - Initial response within hours, not days.

Builders are currently offering pretty strong incentives, like buying down your interest rate or giving cash back post-closing, which can make your initial financing much easier.

This is exactly the kind of AI implementation that makes sense: less bureaucracy, fewer errors, and more momentum toward actually improving housing outcomes.Beyond permitting, Louisville Metro is exploring AI pilots in several areas:– Infrastructure review (potholes, blight, ADA compliance)– 311 service routing and multilingual access– Redacting sensitive data for open records requests– Internal efficiency across a 5,000-employee organizationThis is part of a $2 million initiative to test where AI genuinely improves public service — not replace it.Faster permitting lowers holding costs.

Equity paydown is hard to estimate because I do not have the initial loan amount or year started or alternatively years remaining so I will use rough guess of $500/month admitting this could be off in either direction. let’s call it $10k year total return. $60k equity.  

While not exhaustive, it gives the initial “yes or no” if a property is worth further exploring

Initially they seemed great, I spoke to a "helpful" sales rep who made it seem easy and smooth.

He could at most raise his offer a few $k.The property ended up selling for $2.5k more than my son’s initial offer.