Depending on how bad the conditions are, accrued pref may never be paid out and original contribution may not be returned in full.If pref equity's original capital contribution is not returned in full, common equity is in even worse shape.

Hey Tyler, depending on your credit, the max LTV for the cash out will be 75-80%.

Depending on your level or preference of analysis, data and their providers are incredibly important and difficult to obtain when it comes to real estate underwriting.

If you go conventional the lender will require 20-30% down depending on your profile and the deal terms. 

You will need to factor in rehab costs, which could easily eat up another $50-75k depending on the condition.

Gross revenue varies depending on management company.

Depends on your investing style of course but I do not believe there is a better turn-key company in the US for those that want to be as hands off as possible.  

Transferring ownership to your LLC might trigger transfer taxes or reassessment, depending on your local regulations.Commercial lenders will evaluate your loan based on the property’s cash flow (DSCR) rather than your personal income, which is great for freeing up your DTI. 

The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

I'd love to give you some insight into what the Memphis market might have to offer you depending on your goals.