Interest Only Lenders / Loans for Long Term Rental Investing

[Rich Solano]

I am looking to purchase a few rentals properties on deals that came in through my direct seller marketing. I intend to buy them 10-30% below market value through my LLC.

CoC return on these condos are from 12-15% with a cash flow of anywhere from $3-400 / month if going the traditional financing route. Purchase prices are between 105k-140k.

I am considering doing interest only loans to increase cash flow. Can anyone recommend a lender that they have personally used to implement this strategy? Has anyone utilized this strategy for a longer term and have any feedback?