It may be tempting to treat them as one property and do what is called "cross collateralization" in order to maximize the amount you can borrow.

Depending on the state, when someone rents for a certain amount of time, usually 30 days or more, they become long term tenants in the eyes of the law, and they acquire "tenant's rights". 

- Doesn't matter what seller is asking, only what amount makes your analysis work!

What is your average rent amount for all properties managed?

I know that I can either save the money(which I have via cash and line of credit), I can refinance the property with the bank for all or a portion of the amount I owe the seller, or I can get private money to take on a note and pay back the seller.My goal is to get private money.

Two weeks is a decent amount of time to wait, but if you haven’t heard back, maybe give them a call.

This plan covers 24/7/365 troubleshooting services from Lula's experts (such as guidance on resetting a circuit breaker), tenant coordination for scheduling repairs, and access to a network of vetted professionals.Once you're subscribed to Lula, you can set aside a pre-approved amount for repairs, which can be used without needing to contact you as well.

The umbrella is a good idea as they are usually not too expensive for the amount of coverage.Get a good STR policy.

Hi Raif, Could you provide interest rates and payoff amounts? 

The problem is that they do not usually give this to new people and/or people that do not have big amounts deposited into their accounts.I'm also CT based.