Thank you for the note about likely extension application if i were to switch. 

Based on the information that you have given, the loan application would be in your name since you seem to be the only one employed and use the rental income (75% of rent) to fully qualify you using your employment income, rental income versus your liabilities.

That logic and view is totally irrational and not applicable.

During due diligence, we ask for copies of the leases and any available tenant application paperwork.

Your friends might not want or need this, but if you go to an institutional lender, this is what they'll ask for...GUARANTOR APPLICATION: Each owner of the Borrowing Entity will need to complete some sort of application on themselves personally.

Hi Lara,Thanks for your comment.My apologies if you didn't have a great experience with your first call.Ohio Cashflow is known for turning down more business than we take on unlike 99% of the other turnkey companies.Over the years we have received 3,000+ investor application forms and have probably had even more phone calls.That experience has enabled us to quickly evaluate if someone will be a right fit for our company and vice versa.Unlike other turnkey companies, we only take on investors that we truly believe that we can assist.Taking the next step and just "selling you" a product is not how we operate.To be honest, we actually don't even have a "sales spiel" but rather do our best in talking investors out of buying.Building a large and successful portfolio takes years and it's a rocky road that in my opinion isn't for everyone.The investor and the turnkey company must "like" each other and "respect" each other in order for the relationship to be successful long term.It's like a marriage :)With all that said, I'd be more than happy to personally speak with you and answer any questions that you might have.And if nothing else, at least point you in the right direction.Thanks and don't hesitate to email

Just need to make sure the property generates enough income to cover the monthly principal, interest, taxes, insurance and HOA (if applicable).

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

We are also getting a ton of terrible applications. 

As soon as the deal closed, I submitted in my application for the Philadelphia Business Privilege License (which was received online pretty much immediately) and then applied for the Rental License (AKA Housing Inspection license) for my rental property (apparently takes 4-6 weeks).