Hi Nate - It'd be worth asking the lender for a detailed breakdown of closing costs for this program, as well as an estimate of the interest rate you'd get with today's rates (they'll probably need to pull your credit to do this).

Labor is cheaper down there, USD $2.50 per hour, which is normal rate. 

The downer is that financing through an LLC would mean “commercial loan” which has a high interest rate of nearly 9% in today’s high rate environment.

Rising interest rates, slim margins, and unexpected costs can kill a deal fast.

Higher turnover rate of tenant2.

As Ko Kashiwagi says, we need to know more, such as rate, amortization, term.

Don't forget that a lot of these old gurus started when the interest rates were near 0% and the house was a half price of now with 0 regulations.

Also be aware that cash out refinances typically have slightly higher rates than initial purchases or just rate and term refinances.

The interest rates are terrible. 

I’ve got some buildings with great interest rates that just won’t cash flow with less than my original 20% equity.