I'm surprised the insurance hasn't required a new roof yet.What are my opitons here?

If one meets the requirements of an accredited investor, do they go register somewhere or how does it work?

The minimal renovation requirements and favorable market conditions made it an attractive investment.

You are not required to have a boarding house license in CA.

If I still buy a house next summer but don’t start school until 2026 and continue to travel for work, I believe most FHA loans require you to not rent out your permanent residence for the first year following your loan?

There are other DSCR lenders who require 6 months seasoning / waiting period from the last transaction. 75% LTV is a better rate compared to 80% which will increase the rate and make it harder to reach a DSCR 1 ratio.

Moving forward, I’ll avoid forcing these situations since market forces are beyond my control. 

The lease has to be supported by rent schedule on appraisal, and not a lot of million dollar properties are going to pencil out even with the larger down payment requirements, but it could.

We then spent around $30,000 out of pocket on renovations, including repairing the roof, upgrading the electric panel, installing new HVAC, and putting in a new kitchen.After completing the work, we refinanced with LendingOne using a 30-year fixed-rate DSCR product at around 7%, which resulted in a net cash-out of approximately $15,000.A couple of things to note:I'm out of pocket on this property for around $40,000 ($25k down, $30k rehab, minus $15k recaptured).I'm thrilled with this amount since it's far less than our "normal" 25% down strategy would require based on the higher value.The property appraised for $330,000 after the renovations.The key point for me is that this property is now netting around $800/month in cash flow.

I am a new BP Pro member and have spent the last couple of months in my area looking for great deals - any of the properties worth purchasing just seem to require an extensive amount of work.