@Ben Trageser Stessa is an excellent platform for tracking investors' income and expenses; it is user-friendly.

Yes, one of the big advantages that DSCR Loans have over conventional is that they are LLC-friendly and even friendly towards other entity types like corporations, partnerships, TIC or even most types of trusts! 

Much less frequent, but we also weren't allowed to participate while my husband was a housing commissioner, as it would have been a conflict of interest.

While there are repurchase agreements on secondary market loans,if the bank does buy it back then they would hold it.Another reason not to sell to Joe, Bob and Joe are friends, Bob gets his note called, Bob calls Joe to be a straw man, Joe approaches the bank to buy and the bank agrees to a discount.

He acted like a used-care salesman - trying to be my best friend at the meeting.

Our portion out-of-pocket was the $3K deductible.I'm friends with numerous apartment owners. 

Can you imagine taking a couple days off work, looking for a new place, paying for new applications, putting down deposits, renting a moving truck, finding friends to help you move, paying to clean your old place, and so on to “Save” $300/yr? 

Hi dear friends!

Patience can be your best friend and if you attempt to over leverage a property it can come back to hurt you.Some will recommend buying subject 2 where you could take over an existing mortgage that could be at a substantially lower rate - but if the lender finds out and calls the loan that could also be very bad.

The house I am looking at is a private sale from an older family friend moving into senior living (discounted).