They typically have multiple origination points (meaning very high closing costs) very high rates (compared to conventional but also compared to 6 month or longer waiting period DSCR products) and almost always have VERY long pre-payment periods up to 5 years.

This is because cap ex and operating expenses disproportionately impact lower cost real estate and its very easy to find yourself upside down on a property like this.

We have visited the market multiple times in the last six months but remain uncommitted to expanding. 

So minimal impact to credit during the rehab process.It appraised for $173k after rehab, refinanced and paid everyone off including the seller, and walked with cash to do my next deal :)

Take that and use a 3-5x multiple and then you have a better idea of its worth. 

Despite multiple requests (and promises to do so in text messages) across the span of months, my partner never uploaded the relevant information on this client, including the invoices.

If you scroll through zillow you will quickly see multiples of these designs.

I have the opportunity to list sell multiple acres of virgin waterfront property in Trinidad and Tobago.So I'm looking for potential investors as well.Which islands do your company typically operate?

I figure the upside to the rental scenario is, of course, investing in multiple properties, while a downside would be having to most likely get a conventional loan on the second house with 20+% down and proof of sufficient enough financial reserves to handle two mortgages. 

The existing mobile also had utilities hooked up with a $17k impact fee credit that I didn't have to pay to the county.