You also may be interested in joining our Topeka Investor meetup which is held on the 4th Wednesday of each month!

Further, I had negotiated 12 months interest reserve; they cut that to 3 months.  

But I guess if you want to give a bank $375,000 upfront and $10,871 a month for 30 years you are welcome to.

Did a DSCR loan after 6 months to pull the bulk of the cash back out.

If you decide to take this kind of route, it's still very important to go in with a secure plan and also have at least 6 months of reserves. 

I borrowed $110K from a private lender for the purchase and self funded the repair of the offices. 3 months later, I rented 6,000 sq.ft. of office space to a corporation for $21,000/month + utilities for 5 years with another 5 year option.

I think I will need a car and an office space in the first few months itself.

We're planning to purchase a long-term property every 6-12 months and sprinkle in 3-5 short-term rentals within the next 5 years!

Thankfully, my wife is still working, and we have a few months’ worth of emergency funds to cover our expenses.

I spent around 12K with his competitor over the course of 10 months and got nothing but frustration to show for it...