They aren't the best when it comes to DSCR loans, but that isn't to say their DSCR program is bad.

No one should be treated badly. 

People like this Scott Carson guy give "mentor" and "guru" a bad name which is just so frustrating because they are not all bad.

I feel like every project has its curveballs, and sometimes it’s the unexpected stuff that teaches us the most. Maybe it was a hidden issue that turned into a big project, or a small upgrade that made all the differen...

Banks usually like to have their loans secured by assets such as RE, equipment/inventory, or other tangible things.Hope this helps.

You can then take some of the profits and buy some quality RE, which will probably just break even for the first years, but that's not why we buy real estate anyway..

The 4 unit I am buying the seller wants to move to Florida SUPER bad and is carrying back a 2nd mortgage for me.  

@Ramada Evans your approach, not doing your own research and just asking a bunch of strangers for general advice, has a high probability of ending badly. 

In 2017 we started our journey with long-term buy-and-hold investment properties in the Memphis, TN area after selling a property that we were losing money on every month in NOVA that we purchased as a primary residence in Jan 2007 (talk about all-time bad timing) and then had to move with the Navy in 2009 (2nd all-time worst timing).

No matter where you choose to invest, please keep in mind the following (copy & paste):--------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?