-be patient don’t buy the first home you see and like-make sure it’s in a good area where home values are consistently rising-learn loan programs!

After reading IRS publications I found out that K-1s must be issued starting from the first year even if the company had no income.

Watch out for the big common issues with a quote like rate, term, program, down payment, does is carry a PPP (Prepayment penalty) meaning cannot sell or refinance or you pay a 5% fee based on the loan amount.Be aware or Points, Origination fee's, Rate Discount points, turn time to close.

I’d recommend plugging into those local networks and brokers since they usually get first shot before anything goes public.

Most DSCR programs prefer 680+ for approval.

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.

Should I engage in a discussion with an attorney on a public forum about my business and any potential disputes, or should I trust the attorneys and business advisors who work for me?  

It is a 4 month program for $8000. 

Take out enough cash to renovate the home and after renovations again in another 6 months do another cash out refinance and take out more cash to use as a down payment on another REI since rates will continue to drop and lower the rate.If you have any issues with (DTI) debt to income ratios since you just purchased a home you can use a DSCR program.

Another monthly meetup in Saint Cloud, this month on July 22nd at 7:00pm at the Saint Cloud Public Library.