@Michael Dallas2nd position loan at 100% ltv and 10% interest is not a great deal for a lender. 1st position with low ltv then maybe but even those are averaging around 12% now

Paying very low property taxes.

High rent growth areas are likely to achieve positive cash flow quicker than low rent growth areas.  5 years for cash flow seems reasonable in many markets.  

The Tuesday Zoom host, Mike Jake, grew his portfolio to over 150 Single Family Homes in Colorado Springs using several different no/low money down strategies and is an absolute wealth of knowledge!   

Look for areas with job growth, rising populations, and low vacancy rates.

If it was originated recently an option would be to have them refinance it - but if it’s a low interest rate then they will most likely want to keep itWhat does your operating agreement say about this?

@Bonnie Low so our MTRs in Dallas are actually in a suburb west of Dallas called Irving.

Some lenders will be as low as 1.00 DSCR but many will be higher, say 1.15 or 1.25 DSCR to qualify.If you are looking at institutional lending, then the collateral becomes the prominent part of the puzzle.  

The reason you get the low down payment and the low interest rates are because you're personally guaranteeing the loan based on your stable income. 

60% LTV is not that low, particularly in a higher rate environment where the debt service coverage requirement (cash flow) is now limiting LTVs to 60-70% in many cases anyway.Separately, should be able to get a commercial loan with a rate in the 6s.