Many lenders now require you to submit financial statements to see how your business is performing as part of the underwriting process for a loan.

Are you on a 30 year fixed loan or 15 year loan? 

How did you qualify for the loan as a student???

By way of example, if it's a vacant property and you are providing a bridge loan, it should be a vacant property policy.

These cap rates have been below interest rates even when you could get commercial loans at 4%.That means that, in the past few years, a ton of cash has moved into this asset class. 

Personal finance and residential loan How did you add value to the deal?

Always great to hear from a fellow Texan.When we are buying off market properties we are using some type of acquisition loan (usually Hard Money).  

It really varies but I break it down to monthly payment, percent of payment towards principle vs interest (Interest Rate), and Term of loan.

  - Sales Price $720,000- Down Pay: 15%  $108,000 (higher down payment reduces your risk)- Balance owed: $612,000- Int Rate:  6.75% (nice spread on your cost of money at 2.5% - Arbitrage)- P/I payment:  $3,969.42- make the buyer pay T/I in their escrow payment thus increasing payment- Hold period - 5 years- Additional Interest earned = $203,884 (No Longer a Loss)- No Rental Management needed- No repair costs- You can still deduct the interest on the underlying loan as an expense - ask your CPA- Monthly income without the hassle ($400-500 each month, more if there's T/I escrow)I'm in NM and do these all the time. 

If you already own a primary and don't plan on moving out, you could explore conventional investment property loans, DSCR loans, and Hard Money loans.