Typically, you'll have something like a 10 year draw period with interest-only payments, and then the balance is amortized over 20 years.

If she doesn't pay the rent in Jan, start by following your local rules for non-payment of rent (normally a 10 day notice). 

If you’re aiming for 3 months, having a reliable team and the right lenders in place will be crucial to keeping things on track.More about how DSCRs support BRRRR refis: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

Then Joe sends a letter to Bob and says I bought your mortgage make payments to me.

My monthly mortgage payment will be approximately $2,100.Comps in the neighborhood are currently renting for around $2,600/month, so my plan is to live in the property for 1–2 years before renting it out.

If you can not find coverage with the agencies you have contacted, PM me and I will let you know the companies that we use that might do it.Because of your making payments to the owners potentially, I would look into commercial crime coverage and cyber liability. 

Looking for good first hand experience with a recommendation... just what every landlord wants, someone who knows what they're doing and is reliable.

To scale, I plan to build a reliable local team, leverage 25% down payments, and use strategies like HELOCs or cash-out refinancing for future acquisitions.Good luck!

I just had a bank tell me that per new Fannie guidelines, the minimum down payment on a 3-4 unit is 20-25%, even if it is bought as a primary residence.

Your down payment is you buying the initial equity.