“… I can understand charging a fee upfront as a small commitment to not shop the deal.”I can’t.

I always encourage investors to look beyond rates and ask: Does this agent and lender understand my strategy?

Do you know how to search/examine title and read/understand foreclosure pleadings?

Ensure you thoroughly understand the market, the risks, and the reasons behind a deal that appears to be a good fit.

I'm happy to chat with you more to understand your situation. 

But they can be some of the most rewarding—both financially and personally—if you understand how to navigate them the right way.Here’s what I’ve learned from being in a lot of these conversations over the years:1.

They need to understand how to build it. 

Once you’ve narrowed down a target location, partner with a local real estate agent who understands investor-friendly properties and the nuances of STR/MTR regulations.

We've never used the DSCR but from what I understand, as long as the amount coming in on a monthly basis is more than enough to cover the monthly payments, that's what the MLO's are looking for.

That’s why it’s so important to understand your local foreclosure laws and auction systems before jumping in.That said, if you’re in Florida, or even just looking to understand the general strategies and risks involved, I’d be happy to share insights or point you in the right direction.