Below are a few ideas to think about.Appraisal Concerns: Include a clause in the counteroffer to address any potential gap if the appraisal comes in lower than the offer price.Closing Costs: If the requested $10k seems high, propose a lower amount or adjust the sale price to cover some of these costs.Escrow Deposit: Counter with a higher deposit to ensure buyer commitment.Financing Contingency: Make sure there's a clause that protects you if the buyer’s financing falls through.VA Requirements: Understand and prepare for the specific requirements and inspections associated with VA loans.Professional Advice: Consult with a real estate agent or legal professional for tailored advice.Communication: Maintain open communication with the buyers for a smooth negotiation process.Best of luck with your sale,KC

Adjust the mortgage numbers for yourself and also check the PM fee which you can eliminate by self manage.

Hi David,Like the others have said, I'm seeing DSCR rates start in the low 7's and go up depending on the lender's specific loan level pricing adjusters.

Are you asking about an adjustable rate mortgage?

I recommend you do this annually to adjust for utility increases and other variables.

A second home loan isn't as appealing as it was in the past after adjustments were made to make pricing similiar to that of an investment property.

Your first deal should be close to turnkey to limit risk and get a feel for your team and make any adjustments for your second deal.  

Correct, and it would adjust basis just like your typical mortgage would 

The number is ticking up but Ohio is still fine in vast majority of cases - anything over loan balance of $110,223 (2024 limit) doesn't apply - since most DSCR lenders have minimums around $100k loan amount, barely affects thingshttps://com.ohio.gov/divisions-and-programs/financial-institutions/consumer-finance/guides-and-resources/loan-prepayment-penalty-and-adjustment#:~:text=Effective%20January%201%2C%202024%2C%20no,loan%20of%20less%20than%20%24110%2C223.

But when analyzing my portfolio, I have to assess each house independently to identity outperformers/laggards.