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. 

Depreciation typically results in a tax loss.

Typically, the owner is the only one that can sign a lease as they are the owner of the property.

Hey @Roy JenkinsAs long as you have good credit, typically above 720, being a first time investor won't be overly punitive.

New construction homes are typically around 600k here and picked up maybe 25% in the same time.

I normally go into a deal telling a borrower to expect 70% LTV and then if the appraisal comes back suburban then we can bump up leverage. 80% LTV is typical in suburban areas and 70% is typical in rural areas for DSCR lenders.

I hear appraisals associated with ADUs regularly in southern Ca and they are typically less than 50% of hands off cost.  

That's of course something you could get the PM to do.Regardless, I would expect to spend more time "managing the manager" than in a typical PM-owner situation. 

Will some people invest, yes - but if you had two of the same products and one that was doing it the way it has been done for 100 years and one with the new technology for investing, the people with the $ typically will choose the old school way and not want to be caught up in the next FTX. 3.

It's not enough that your company serves the real estate industry, your actual duties should be directly related to real estate, as opposed to the typical executive responsibilities. 2.