You want to get something around 150k and put 25% down to leave yourself with some liquid to execute on another deal . you'll be able to obtain a 30 year fixed DSCR which is no income and no doc 

Make sure to learn how they do the underwriting when they share these docs with you.Good luck.

No income no doc 

I had this happen to me and changed attorneys to draft up another doc using what they already started with.

Both of these have drafted up sales docs for the State I bought in, to include the contract up front.

Shortly after I was advised by the utility company that there was an issue with my water that is indicating there is a massive leak.

You could get sub 5% a couple of years ago and even close to 4%. 7.75% for a no doc DSCR loan for an LLC is actually pretty good.

It offers convenience, a physical address for official docs, and some extra perks.

If these repairs are left to the tenants and they fail to carry them out, it could potentially lead to a decrease in your property’s value.Here are a few:Structural Repairs: This includes repairs to the walls, roof, and foundation of the property.Plumbing: Any issues with the property’s plumbing system, such as leaks or blockages, are usually the landlord’s responsibility.Electrical Systems: This includes wiring, circuit breakers, and outlets.

I would tend to think it was a dry trap that is leaking slowly.