wild. 8. if you dont want to close in an LLC, you can still close in your personal name. 9. there are lenders with competitive rates if long term rents are greater than 1.1 of debt on the property (PITIA). however, there are also lenders who will allow you to do 80% cash out refinances with DSCR if DSCR ratio is 1.0. there are lenders that allow you to buy real estate at 20% down EVEN IF DSCR ratio is only 0.8. which means the rents are less than the debt on the property.

I said that buying off the MLS at full cost, using secondary lenders for the down payment, closing costs and cash out was foolhardy.

While they might not be the cheapest - no HM lender is "cheap" - they do a good job at what they do.

You should ask to speak to the commercial lender at the bank that carries your property's current mortgage.

I do have a good relationship with a local lender, but not for a business line of credit. 

I also hire one of the big national 20 CPA firms to review returns every 2-3 years. 

So, if you put in 20K, you could set the bid up to the amount of the 100K total debt(80K existing + 20K additional) to ensure that the property reverts to you as the lender.

Start running numbers on potential deals to get more comfortable, and build out your team—like a CPA, property manager, and lenders.

Ask your lender about a bridge loan....

Does anyone represent a wholesale lender or is a broker that knows of a lender who finances commercial (multifamily) properties that operate as AIRBNBs?