Let's say EMD is only between $2,000 and $5,000, depending on the deal.

There might even be incentives to rent to long-term tenants, depending on your situation.

Hey Brian, This would depend on your DSCR loan structure.

To me it really depends on how strong the market is at the time.

Having a safe forum for LPs the share their experiences is needed.Cheryl  In EVERY business there are two kinds of market participants; the people/companies in it for the long haul, through both good and not so good economic times, consisting of EXPERIENCED, PROFESSIONALS whose careers are dedicated to and dependent on fulfilling the needs of their clients/customers.The other type of participant are in the particular business because it’s OPPORTUNISTIC for them to be in it AT THE TIME.  

Most purchase and rehab loans will be capped at 75% of the ARV and cash-out will typically max out at 80 or 75% depending on where you go. 

I know this is a nuanced topic and it is probably market dependent but I can't find any pictures of rentals' basements on listing sites.Any insight is welcome.

Depending on your network it could take 6+ months to get your first deal.

If you did not and it’s unsecured debt you could be out of luck on some or all of the money as depending on his situation unsecured creditors in a bk may receive pennies on the dollar depending on what he can afford and if converted to a ch 7 you would get wiped out.Even in 2nd position he could argue the property is underwater and wipe out your lien.

@Natasha Rooney rates will also be different depending on if you have Credit or not.