Then, as you scale, work with a bookkeeper to set up your QuickBooks Online correctly.For my flipping business, I prefer to use fewer software programs to streamline things.

HOWEVER, the timing of this is directly connected to when their academic programs start.

The best STR programs for DSCR loans are those that will use the AIRDNA rents and then the guidelines will usually apply a 20% "expense factor" that covers the expenses that the lender is predicting will eat into your profits such as cleaning, furniture and management fees.

Use the government low income housing program to line up individuals to build there.  

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.

As someone who has used a VA loan in the past, it worked very well for us.NYS also has many first-time homebuyer programs that you may want to look into as well. 

They purchased using a program that finances 100% of your purchase/rehab on paper, and takes a 15% deposit as cash-collateral that they hold until you refinance.• $60k purchase• $35k rehab• $95k total rehab loan payoff• 15% deposit = $14,250 "down payment"• $126k ARV (confirmed via refinance appraisal, borrower expected this to be higher)• 80% rate/term refinance ($100,800 loan) @ 6.75% [700-719 FICO]• Applied $4k of deposit to payoff for an updated payoff amount of $91k• Cover closing costs with 80% r/t refi + $2k back to borrower at closing (still considered a r/t refi if under $2k) + remaining $10,250 deposit reimbursed after payoff = $12,250 total back to borrower• $4k of his deposit + closing costs for rehab loan = his "cash" in the deal• $1,250 market rents• Total PITI = $765.62• DSCR = 1.6327 I do not see the hold costs.  

For both programs:1.00+ DSCR is the clean approval box.Sub-1.0 deals can be considered depending on reserves, credit profile, and pricing tolerance — but for most investors aiming for best terms, 1.00-1.25 is the target.4) Are these available in OH and IL?

They pay out promptly as long as the claim is legitimate and they can actually see the tenant's ledger in your software program so they know what is going on. 

One of my friends is a real estate agent in Panama City so it was a great opportunity to see him.When we saw the program of the trip, it was fairly obvious that the trip was organized in a way that we would only have the time to talk to people linked to the developer or the deal instead of taking to other independent professionals.