But other times, it could be a good way to start a conversation with borrowers that really don't have a clue what is a "decent" rate on a DSCR loan.

Quote from @Marc Shin: Hello,For the financing of a BRRRR, are there lenders that are willing to include the costs of Airbnb set up (i.e. furnishings) in the initial hard money loan for a BRRR? 

Thanks We use madison management out of Reno NV to service all of our loans.

Specific is how I classify loans toed to a specific property, and generic is how I classify our family loan that is not tied to any specific property, so I have to allocate it myself.

This is an option to consider and many larger banks/credit unions and nationwide mortgage lenders have released new loan programs allowing 2nds, HELOANS and HELOCS.

HOWEVER, when it came time to fund the loan - he started asking for MORE FEES!

After 20 years in real estate (before DSCR loans were even around), here’s my take: Tampa and Central Florida are gold mines if you play it smart.

In our case we tripled our deal flow when we started a program of direct email to mortgage brokers, real estate brokers, and real estate investors who could bring us either mortgage notes for sale or new loan opportunities for loans not qualifying for commercial financing.  

If you don't plan on paying cash and have to leverage with an owner-occupied loan product then you should set up your LLC as a property management company because you will not be able to borrow in the name of the LLC.  

Like loaning money on a House in Wampum and ending up owning it and now having to deal with low income tenant in that area .