The capital stack especially in CA is VERY complex and typically involves everything and more that you mentioned.

Quote from @Matthew Irish-Jones: Quote from @Mark Cruse: Yes, there will be more expenses above what's mentioned here but if this is done properly it can be kept to a minimum.

You profit share with them for the first 10 deals (at the higher levels) because they really are right there with you holding your hand, and as I mentioned, doing three way calls, etc. every step of the way.  

If they do, your best bet is a local community bank that funds these types of properties.Another option is a private lender but that money will be pretty expensive, as mentioned 10%  + 

Both Charlotte and Raleigh are very strong growth markets, for all of the reasons that you mentioned.

Sell the properties.You mentioned having difficulty managing the properties as is.

With no mention of price, location, rent etc.....

I mentioned it to the people above, but they said they’re not running around like the person below is describing.

although Dutch is CEO, it is frequently mentioned by him and Amy Vaughn about co-owners and business partnership. 

As others have mentioned, DSCR loans are generally for turnkey rentals (although outdated rentals may still qualify depending on the level of deferred maintenance).