That sounds pretty normal for the area.

@Steven Bowdich-Called around few banks in Wichita & found out 5 year term is normal in that market for commercial loans.

Just looking at their website,  there is no useful or helpful information that a sophisticated investor would normally require (to even give them a chance of being considered).

If you can't qualify, DSCRs are a good option but I normally advise to stick with a 3-year prepay (or less, depending on pricing).

Thanks for helping me.Regarding my first deal, I am aware that there might be repairs, maintenance, emergency fund, etc. for a normal real estate investment.

It’s normal to feel overwhelmed at first, but just take it one step at a time.

It is investment banking, so the rules are much different than your "normal" lenders who offer mortgages or loans to cover a single or portfolio of collateral. 

@Clare Pitcher we do 12+ month leases to avoid vacancies Nov-Feb.If we take over an occupied property, evict or have tenancy-abandon a property, we first let the owner know finding a tenant will take longer than "normal".This opens up owners to understanding they may need to:1) Offer 3D tour and floor plans to stand out2) Price more aggressively or be prepared for aggressive price reductions3) Offer MoveIn Specials:- NOTE: we do NOT recommend offering a month of free rent that can be used at MoveIn.

Also, banks normally only lend for holiday homes, not for rental properties but a holiday home can mostly be a short-term rental or become one later.5.

Called our normal granite installer and he can't come out to measure until April (I plan on having it rented/sold before then).