Compare offers from the lenders, paying attention to interest rates, closing costs, and any penalties.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

IE if you were to be "negative" you could be thrown out which is a pretty stiff penalty given the costs. 

If the answer is no, that means they are a broker of some type.

Prob not the smartest thing to do but will be gone in no time.

Making money in real estate requires experience and starting with no or little money makes you study harder.As much as most of us probably wished for it, getting started with a lot of money in your pocket is a recipe for disaster: the temptation is to make the deal work by throwing money at it.If you want to go into real estate go with a syndicator with a good track record.

And as a person who's done a fair # of CD's, I see the averages reflected that >50% don't execute.

RichWe can do DSCR loans with no prepayment penalty.

Hey @Eric Andersen, so there are a lot of regs in the DFW area.https://www.fortworthtexas.gov/short-term-rentalsRentals are not allowed in residential districts: A-#, AR, B, R1, R2, CR, C, D, UR.Dallas recently banned STRs in single family homes but there was an injunction that blocked it.

The denominator in the calculation is your capital/equity and with no debt the return on your existing equity is low.