You shouldn't have trouble getting hard money for the initial purchase under an LLC.

This is straight out of my paperwork: Loan Program: 30 YR FIX - SEQUOIA - DSCR >= 1.00 - 5% PPP - 5 YR PPPAnd getting back to the initial post - as usual, we only have the information the OP provided, so it's difficult to advise, right?  

Maybe I didn't explain it well in my initial post, but without my knowledge, the tenant assigned her security deposit rights only to the attorney who created a separate LLC.

My initial infant level of knowledge would tell me it's a combination of being poorly managed (I calculated they're spending nearly 65% on expenses to only have $305K NOI on 95% occupancy at $875/m, if that's even the average rent/unit currently occupied). 

My cashflow (right now) is neutral (I plan to refinance down when rates drop), and my initial plan was for appreciation to grow my net worth.

The only issue we have had getting the claims paid is when we filed against the renter's old policy and not their renewal policy, however our sister company in Denver (who initially turned us on to Rhino) have stopped using it after a couple of issues collecting.We have tenants carry 2x the monthly rent in Rhino coverage in lieu of a traditional cash security deposit.

While it is true that they don't bring in as much per night, they are a higher ROI because you invest so little and their maintenance and initial costs are so low. 

Hello all, I have a prospective tenant for a rent by room strategy, we're in initial stages (he hasn't officially filled out the application to verify his credit score) and he is letting me know he filed bankruptcy in 2020, but his credit score should be above 620. 

I also have a specific note that they have to initial that if they lose mailbox keys that it is $400 to replace since it's a huge hassle to deal with the HOA when that happens. 

Initially she was very happy and excited but after a day, she had a disagreement with the contractor and now she's not opening the door for the contractor to come in and finish the work.