In the case of floating-rate loans, interest rate caps would be a prudent measure to take as well.Multifamily Sector FundamentalsThe underlying fundamentals for the multifamily sector are very strong right now.

How are the loan terms typically written for this purchase and how have you fared in terms of the rate/length of loan, etc.? 

Going this route requires that you have enough income to qualify for the loan payments, or otherwise have the ability to repay the loan.  

- For where you're at, you've found a pretty decent loan.

That said, College Station’s long-term rental numbers are strong, especially with Texas A&M’s continuous growth driving demand for student, faculty, and corporate housing.

The loan type has nothing to do with the taxes owed.

I know about hard money lenders and a little on DSCR loans but how would I make these loans work to start my real estate business.In addition wondering if you all have any ideas on using a LLC to leverage OPM? 

I have found some information that might be helpful John.There are government backed programs like Fannie Mae Homestyle Renovation Loan and Freddie Mac Home Possible Renovation Loan, in addition to the FHA 203k loan. 

These loans have set limits and guidelines for borrower credit profiles, loan amounts, down payments and property types.

You cannot take out a proper "loan" from an IRA.