Same thesis as what you're describing: surface the signal before it hits LoopNet or the typical distress feeds.Curious how you're handling standardization across Charlotte, Nashville, Orlando, Fort Worth.

I looked at a deal recently that most people would’ve passed on… or just built one house on.It was being marketed as a typical R-4 lot.Nothing special.But when we dug in a little deeper, it wasn’t one lot.It was actually 3 separate lots of record — originally platted back in 1910.That’s where things started to change.Now layer in zoning.Base zoning was still R-4, which is where most people stop their analysis.But there was an overlay in play that allowed duplex construction.So instead of thinking:→ “What can I build on this lot?”

The IRS will treat the property as mixed-use (part rental, part personal).So you’d typically allocate based on units or square footage.

Bridge financing is typically used to acquire or stabilize a property that doesn’t yet qualify for long-term financing.Where I often see the DSCR conversation come in is when investors originally plan to flip or reposition a property but end up holding it as a rental instead.

Verifying last 2-years of rental history and income/employment extremely important to find the “best of the worst”.Tenant Default: 20-30% probability of eviction or early lease termination.Section 8: Class D rents meet program requirements, often challenges to pass Section 8 inspection.Vacancies: 20%+, depending on market conditions and tenant screening.Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciation.Where did we get our FICO credit score information from?

That's interesting, because we do creative finance which is typically 10% down and taking over the existing 6% loan that has been paid down for a couple of years (say 24 months already paid for $1,500 a month is like saving something like $36,000 or so.

Do you ever hire lien search companies, and if so, what do they typically charge per property?

A good agent can help you execute, but they’re typically not the primary source of true distress.I’d also recommend getting familiar with how NYC distressed deals actually transact.

From what I’ve seen, the interest portion is typically what shows up as a deductible expense, not the full payment.

For those who done this for a while:How long does it typically take you to fully analyze a deal?