And somebody is going to have to personally guarantee your loan LLC or not.

Depending on the article, there is between $26B and $30B under construction, and the last job fair had over 20,000 open jobs.In ConclusionWhile nothing is guaranteed, the combination of population growth and limited land for expansion virtually assures that prices and rents will continue to increase.Thanks for reading my post.

It didn’t totally alleviate check in and outs on the actual holiday but guarantees you are maximizing revenue.

That, and there is no guarantee if the lender does call the note that the current owner is getting a new loan at the higher rate with them, so why go through all of this?

Or even riskier: a commercial balloon loan with a high interest rate and a personal guarantee that is due IN FULL after 5 years!

Put the $100k in a GUARANTEED bank CD and make $5,775 instead of having a chance at $6k if nothing breaks and nobody leaves.

This will allow you to have a slower ramp up, have guaranteed tenants day one, and not feel so rushed.

Paying off $100K on a loan of 6.75% is the same as investing $100K in an investment that returns a guaranteed 6.75%.

The CFPB does define "conventional loan" as "any mortgage loan that is not insured or guaranteed by the government (such as under FHA, VA or AG programs)", conveniently leaving out the guaranteed money that Fannie Mae and Freddie Mac enjoy as pseudo governmental agencies, but no one that does DSCR loans cares what the CFPB calls their loans because they don't govern DSCR.I'm a broker. 

You’l need an expert to guarantee your answer.