I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Have you tried contacting the main office or different individuals in the company? 

Even if you do not mess up any steps in this lengthy process, you are looking at AT LEAST 90 days before you get your asset back. 

In this situation, can all the partners claim mortgage payment as expense in their individual taxes (or just the partner who owns the mortgage)?

Depending on the state and even the county, the eviction process can be a nightmare. 

Alternatively, some purchasers want to control the process in return for more certainty.For a non-delegated correspondent loan, the loan purchaser will get involved and direct all processing decisions.

Requiring the homeowner to replace the pipe individually would seem like a huge octopus of inspections and enforcements and etc.

Can someone walk me through how some of the investors go about BRRR process?

We aren’t looking for someone who is accountable for a subprocess and has “partners” they can refer us to for other processes.

I’m leaning towards the Fannie Mae route but have no idea the process to transfer it to your LLC later.