Have you worked with local lenders (banks or credit unions) in those markets or hard money lenders? 

For the last few months I've been watching local auctions and it seems that could be a great way of scoring a good deal granted there are risks for sure. 

I had good experience and will definitely consider future deals.Congrats on scoring a W.

Try Fortera Credit Union, Cumberland Bank, or Altra Federal Credit Union.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

Some newer investors also work with private lenders or look into local banks or credit unions that understand investor-friendly deals.We’ve built a pretty solid list of lenders who are active in this space and may be a good fit depending on your deal structure.

DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

It has a newer roof, new meters, new appliances, new hot water heater, separately metered (I WOULD ONLY BE RESPONSIBLE FOR LAWN CARE AND SNOW REMOVAL) Property has been well kept maintained and will accept FHA financing which is my best option to buy given my credit score and DTI.  

Way to score a W.