Maximum LTVs seem to be around 80%, with DSCR ratios typically needing to be around 1.20.

On the flip side, traditional financing typically offers better rates and longer terms but can take longer to close, and you’ll likely need stronger financials.If you’re trying to balance speed with cost-efficiency, it’s worth considering your project’s needs and how quickly you need to get funding.

A lot of clients ask me how much I spend on a typically full cosmetic rehab of a duplex unit in Philly.

Typically, once the project is done you can get it refinanced via the same bank saving a lot of fees compared to HML (Hard Money Lenders).

@Richard Rafferty, given the relatively small nature you are looking to take on with your first syndication, personally, I would find it hard justify the typically 20-30k+ for a paid mentor. 

It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

Southbridge and Webster are cheaper as well.There will be obvious trade-offs in terms of location / amenities and price but i have seen good traction in all of the aforementioned locations.I'm looking for househacks for clients around central Mass and while they're not impossible to find by any means units in Worcester are typically trading at $225-250.

In solar sales (door to door) the setters typically make about this same range.Most companies in the house flipping world seem to buy lists online or run basic skip traces of areas and send lists to VAs to setup calls with the owner of the company.   

Typically has a balloon payment due in 6-12 months, so you need to ensure you're ready to get it rehabbed and sold (or refinanced) quickly.

Hey @Victor So - We typically use MG granite who works out of the Chicago suburb Elk Groove as well.I'll share their contact info in a PM.