Again, this is a broad question to engage people's thoughts on the subject matterPlease feel free to share your thoughts and ideas

My wife and I can cover $75,000 or so, but we would need a loan for the rest until we can get a SBA 7a after closing.

Hi Hunter.Hopefully I have some good answers for you regarding our doctor program.Employment start date must be with 90 days of loan closing.Min Fico 720Max DTI of 43% 6 months reserves on subject property and the other properties you own.5% down on $400k to 1.5M10% down on 1.5M to 2MWill be an ARMNo mortgage insuranceSFR, Condo, Townhome, PUDs only no MultiunitsLet me know if you have any other questions!

Since your friend covers utilities, this offsets some of your cost.

Currently, less properties are qualifying (or lower LTV being offered) due to the rental income not covering the mortgage loan plus expenses.

The problem is that you have to accept the dog but the insurance carriers do not cover bites from Pitbull's.

This is what I think I know:- The borrower can choose to pay off the note at any time (by selling the property or just paying off the loan with other funds), so it is important that the legal balance covers my investment and some profit- The borrower could file bankruptcy (can someone confirm that this will only cause delay, but not jeopardize ultimately collecting the legal balance of the note)- Most of these DOTs will have a rent assignment clause, so I could try to enforce that and collect rents from tenants (essentially manage the property) while I am holding the note and trying to foreclose.

HI Bracken, I have a rental house in Ogden, and you're right the market has really been going up recently.My goal on such homes has been to buy with 20-25% down and have the rent be able to cover my PITI & professional property management.  

One form of that is finding a specific niche subject matter expertise...something like an ice fishing cabin that those of us who don't know a thing about the category would never think of investing in.

- For those who build in phases, how do you structure budgets and plan cash flow to cover extended construction timelines?