After inputting all the data, they provide a review that includes cash flow, Cash-on-Cash (CoC) ROI, and even a graph to estimate the property's growth through appreciation, yearly cash flow growth, and loan paydown.

They have unsecured creditors of over 5 million dollars and secured creditors as either loans on properties and/or owners of properties.

@Nate Jenks no problem, here to help and clarify.When we speak to "cash out" loans in lending the maximum loan amount is usually 80% LTV on a primary home. 

Quote from @Zachary Deal: One thing to keep in mind if you are doing this is that you are likely to create "functional obsolescence" which could mean you are not able to get a new loan against your property and it can be difficult to resell as well. 

Here's a quick summary of the Fannie Mae Home Style Renovation Loan:The Fannie Mae Home Style renovation loan program can finance the purchase and renovation of a home in one loan.

It depends on how long it takes you to complete the rehab and what type of loan you take for the refinance.

I am curious if I can use a DSCR loan on such a small apartment building?

I have access to a VA loan but I like where I'm at now and don't want to do another move right now.

The loan programs of your buyers will dictate how much of a credit you are allowed to apply to their closing but it certainly helps to move inventory when you offer an incentive. 

I couldn’t figure out who had to even sign the loan docs let alone the personal guarantees.