I’m new to the community and I’m planning to start a Section 8 rental property business.

I would love advice from the community on this issue.  

Appreciate any feedback as well as similar stories that the community might be able to shareThanks and Happy New Years to all! 

@Tayvion Payton to get a better understanding of the loan products, it's best to have a conversation with a commercial loan officer at a local community bank or credit union.On commercial, the number one rule is a deal meeting their DSCR loan covenant, which is typically 1.2 to 1.25. 

Hello BiggerPockets community!

I am new in this community.

It will be great to build out community.

You've come to the right place - I suspect you'll receive many, similar messages from others in the community and a variety of offers to help.Have you looked into fix & flips or long-term rentals (aka BRRR)?

I am currently going to community college as well as in the process of getting my real estate license.

Another work around that isn’t discussed much is working on a strategy with your insurance company to protect your other assets in the event of a claim.But also, it wouldn’t be a bad idea to consider getting the financing into your LLc name with a community bank and pulling cash out if you have substantial equity.Right now, since the loan is in your name, it shows up on your personal credit report.