You could start with I/O, or 2-3% and a longer amo period, then meet somewhere in the middle.  

It's not just the lack of cash coming in but IO payments, utilities, lawn maintenance.

Something describing how IO product could increase cash flow while trading off amortization would probably be helpful for many4.

No minimum monthly or initial draw and they allow 89.9% CLTV on a 10yr i/o and then it converts to 10yr P&I.  

@Julie Coleman currently 80% LTV on rental, 12 year draw, variable rate = prime + 1%, no closing costs unless a physical appraisal is needed, no yearly fee, but if it’s closed within 2 years the closing costs are then incurred which average $400-$600, I/O or P/I payments your choice.

They also lend based on proforma rents and stabilized operations, which is why they can finance the rehab portion of the deal as well (to an extent).The terms vary substantially by the deal, but a recent deal I looked at was a 24-month note at 400 bps above the 30-day LIBOR (average rate of 6.54%) with an IO term of 24-months.

But the payment is i/o, so the payment isn't fixed even though the rate is.

I think they pad a lot of their fees, but it was a somewhat quick way to gain adjudicated property.

@Zachery Hitchcox as a private lender here in FL, my focus is on short-term loans, typically 6 - 12 months IO, with balloon MTG's, though I do broker out 30yr fixed rate rental loans as well. 

If you do amortized payments, or get an i/o loan and voluntarily pay extra to pay down the balance, the odds of you and the seller/lender having a dispute about something just shot up about 5 fold.