There will be unexpected costs that come up, so make sure you give a little cushion in your budgeting for that. 5) Screening- Have a thorough and standardized screening process.

When the tenants moved out, he discovered they had utterly trashed the place and the cost to bring it back to market standard (and thereby get a more desirable tenant) was beyond him. 

He is well beyond the standard allowable conventional loan limit and uses the best means possible (private money) to continue to fund his single family real estate investments in several markets around the United States, some for cash flow and others for appreciation. 

Perhaps it's not as good as it sounds if I have to take out out such a big loan just to meet FHA standards.

Proof of Payment - The industry standard of documenting a mortgage that does not report on your credit is with a "verification of mortgage" (VOM) form. 

Hello Gustavo the standard Prepayment penalty for DSCR is 3 years but it possible to do 0 years.

. - Most DSCR loans come with standard 3-5 year early payoff penalties.

You should have set standards and you should always stick to them (always!)

Most cases with Hard money it is temporary financing with minimal standard guidelines.

Why would she respond with "that's a lot" when it’s not even at the set standard they assign?