Rather than consummate deals, funds may be more likely to offer debt or preferred equity positions to allow owners to right-size their capital stack without giving up full ownership.Here are several graphs illustrating the current national commercial hospitality market in The United States of America:Full Commercial Hospitality Market Report Here: https://d2saw6je89goi1.cloudfront.net/uploads/digital_asset/file/1183586/United_States-Hospitality-Capital_National-2024-01-15_compressed__1_.pdf 

Scott's original examples each began as all-cash and then became financed to illustrate the concept of negative leverage.

(Could share lots of stories to illustrate this.) 

Unpopular opinion, but this issue with ERP further illustrates the fact that investing in RE is not a hobby, but a business and caveat emptor always applies.

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 = $350Insurance = $100Association 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 = $250Insurance = $100Association Dues = $25Total PITIA = $1875Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23Lender terms and fees vary widely.

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 = $350Insurance = $100Association 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 = $250Insurance = $100Association Dues = $25Total PITIA = $1875Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23Hi James,Hope you're doing well.I saw your post regarding rental propety refinancing and I wanted to introduce myself.

To illustrate my point, you can ask the same question about a property management company when you question whether or not they give preferential treatment to owners with more properties over owners with just one property.The question is always going to be front and center for property owners and it should be.  

However, I can't seem to find what type of keyless door "knob" would best fit with the setup I currently have - I tried to illustrate with the picture below.Has anyone else transitioned from this type of doorknob to coded doorknobs?

Here is some tips on customizing it:Replace all highlighted parts with your specific information and offer termsFeel free to modify any additional text, like who you are and the additional offer terms you're offeringRight click on the picture at the top, click "Change Picture" and choose the picture of the propertyDelete the hand-written price/signature - those are just for illustration.

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.