@Bruce Bennett It's great that you're being cautious when researching DSCR lenders!

I also suspect the vast majority of lenders will take exception to your mom being the 1st position lien (look up strategic default).

I work with agents who know my buying criteria, and they bring deals to me before they hit the public market.

We would also like to know some strategies on lease renewals during non peak months.

In the MLS a property is being advertised by a realtor, but the description says "Non representation listing please call owner direct".

And they'll want you to pay off the loan pretty soon (and usually will you as the rate will probably be higher than banks) so there's that too.For this reason, we definitely prefer private lenders as they will (if you've built trust with them) often lend on the rehab too.

Also, if this is something that you are looking for in a hard money lender, you might want to look into more of a private money lending model verse anything else. 

While not my main area of practice I represented a Brooklyn credit union lender, some buyers/sellers and a few landlords in real estate transactions and rent arrears cases.While we had successes and some failures along the way I ultimately concluded that I wanted to do something different with my life and cashed out of the business.

I've got about $525K in equity in the property, but lenders have told me that I cannot get a HELOC to access that equity for additional purchases because the duplex was financed as an investment - they have said TX law dictates that HELOC can only be used on primary residences.

I’m curious what rates look like these days for a commercial apartment building around 1.5M.If any lenders could chime in or investors who have seen recent rates please share!!