So the lender owns that equity into the future and you will owe them that equity back.

I have several CFO clients in KC and I'm based across the state in the St.

Finding deals outside of California can definitely open up new opportunities, especially given the cost of living and market dynamics in the state.When looking for properties in other states, consider focusing on areas with strong rental demand, economic growth, and population increase.

Now I own 31 rentals (10 in Ohio and 21 in FL!).

@Yinon Estikangi Typically if the property has been owned for less than 6 months and the property was recently renovated then we would be fine closing vacant and use the appraisers opinion of market rent to determine DSCR. 

It is more to cover my own hyde as I am a PM and if house rules are broken the owners look to me for enforcement. 

I'm currently in a rent to own house we are moving out of and will be renovating and renting.

How many properties do you own and does each of them have different investors/owners?

We have our own portfolio we manage and development projects across northern VA and DC.  

We now own the beat-up POS property that we need like a hole in the head.