I finally decided to move forward with them because I lost my main lender due to them being bought out and canceling programs.

Eventually I'd love to open a non profit and use rentals as part of a program for youth aging out of the foster care system, like independent living.What are your goals in the REI space? 

Your first step should be to contact your lender immediately and ask specifically about hardship programs, forbearance or loan modification options. 

Also, many investors go with a 30 year fixed DSCR option, not a 5-7 year balloon payment if we are discussing 1-4 unit or 5-8 unit DSCR programs.

I am also looking for looking into remote flips and wondering is there any better software program for investors such as propstream in calculating accurate ARVs

The inspectors use a program that walks them thorough the process and then generates a 60+ page report an hour after they leave the property.Do the walkthrough with a notebook, lock it up if the numbers work and add that you want a specific inspection rather than a home inspection. 

Are there any tricks to establishing this legal entity, or do we need to just accept that this is how this part of the industry operates, and either get with the program or find something else to do?

We don't currently have a BPCON volunteer program, but you never know if that might change! 

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.

Hello,A friend and I are exploring real estate investing as a long-term strategy, and we are particularly interested in leveraging the VA loan program.