I’m trying to figure out how experienced passive investors evaluate offering memorandums before writing a check.

Let the insurance company know what you are doing--renting room/s, so they can write the policy properly.

We’re currently focused on paying down what we consider relatively high-interest loans (around 9% with insurance etc.) on our existing properties rather than aggressively leveraging into new acquisitions.That brings me to the question we've been thinking about a lot lately:Has anyone here successfully scaled a real estate portfolio while taking more of a Dave Ramsey–style approach (lower leverage, prioritizing debt payoff)?

I think it depends on the kind of communication style the client prefers.

That said, what I don’t have at this stage is the ability to write a large down payment check compared to U.S.

Before you even get to vetting a sponsor's communication style, reporting cadence, or distribution structure, you need to be clear on what you actually need from an investment.

You break even, possibly make some cash flow, but nothing to write home about.2.

I'm wondering if we chose to use the equity would people recommend out of state investment(I'm from Michigan so have some connections there)or in market and keep our current as a rental and try to roll equity into DP on a larger home and do flip's like 1031 style? 

I wanted to share a deal I’m working on because it made me realize you can sometimes enter a BRRRR-style deal by buying the debt instead of the property.Here are the numbers:• 3 bed, 2 bath single-family home in Michigan• Non-performing mortgage acquired through foreclosure• Unpaid balance: ~$95k• Purchased the note for ~$60kAfter stepping into the position of the note holder and completing foreclosure, I now control the property.The plan now looks very similar to BRRRR:• Rehab the property• Stabilize it with an occupant• Potentially refinance or sell once stabilizedGoing through this process made me realize how much easier deals could be if sellers could see real buyer interest signals up front, so I built a deal intelligence platform that helps sellers close faster by identifying active buyer signals around note deals.If you’re a note investor or BRRRR-e, DM me, I’m giving early access to anyone who wants to check it out and see how it could help speed up your next deal.

Basically, the owners chooses a style, pays a flat rate, and my team would get the home rent ready within a couple of weeks.