Albeit, a lot harder to get approved for these compared to a regular DSCR loan you can find at a mortgage shop that mostly focuses on 1-4 Units. 

I told him that I only stocked the initial supplies and expected my tenants to do their own shopping thereafter. 

Hi Allison, Happy to talk shop with you anytime. just shoot me a message

Reach out anytime if you want to talk shop.

You don't want to inherit any issues from the township. 2) Get a copy of 2-3 months of utility bills for the building.3) Shop insurance quotes now.

The reason it may work is because as you lease the property up the value will increase making it possible to refi into a Perm Loan after the property is stabilized.I don't know if this is what you want to hear, but it is the truth and that is what you'll always get from me.I love talking shop, you can reach out anytime and we can discuss the scenario and your qualifications and I'll give you the real deal on what is and is not possible.

ANOTHER pen and paper analysis, Coffee shop millionaires :) I NEVER use a calculator, no need, welI........I stopped readying after the 1 mill purchased and gross of about 80, NOTHING else matters.

@Shelly Rike MitchellHe is price shopping - you could also tell him he is responsible for termination and the remaining balance of the lease - take it or leave it.

So you can afford to shop around for a good refinance lender then

They are super customizable and if you shop around you should figure out what the general cost per sqft is in your market is.