Here's a brief overview of my current situation:SFH1Acquisition Price: $1.6MCurrent Market Value: $1.89MLoan Balance: $1.2MInterest Rate: 3.75%Annual Net Cash Flow: -$12KSFH2Acquisition Price: $2.15MCurrent Market Value: $2.2MLoan Balance: $1.5MInterest Rate: 7.75% (I'm considering refinancing in the next few years)Annual Net Cash Flow: -$65KDespite being proactive in educating myself through BP forums and real estate literature, I'm beginning to question the sustainability of enduring annual losses from these investments.

If you buy something in San Diego, now that debt is sitting on your personal balance sheet for 30 years.  

Home prices remaining elevated despite rapid interest rate spikes is a very good indicator for how out of balance the market currently is.

This might buy you time so you can either save the money to pay it off or to find an alternate way to finance that balance . 

Maybe loan programs will start allowing a certain amount added to loan balance to cover buyer broker fees.

@Evan CruzBecause interest is only owed in the amount of the loan on an ongoing basis.If you had a property worth $250k and an unpaid balance of $150k you have $100k equityWhy not include interest, because if you sold it today you are no longer paying interest.

If seller are planning ahead, they usually want enough down payment to cover the recapture tax due in the first year.The real benefit I *think* (someone more knowledgeable than me please chime in here) is that if say he passes away after one year, the rest of balance due on would be 'stepped up' to the current value, so no tax due to the heirs.Dan Dietz

The balloon means in 10 years the balance at that time is due in full. 

As low-income owners with a keen entrepreneurial spirit, we balance W2 jobs with side hustles, such as selling custom t-shirts or baked goods.

I am looking for a 80% DSCR LTV loan for this deal.Here is some quick stats of the deal: Purchase Date August 11th, 2023 Purchase Price: 80KRenovation Cost: 60KAll - In : 140KEstimated ARV: 180k Estimated Rental Rate: $1,400 - $1,600Current Loan Balance: $111,000My Stats:- 720 + credit scoreHere is a link to the property for more information. https://www.zillow.com/homedetails/2730-Antler-Dr-W-Augusta-...Does anyone know any lenders or small banks in the area that will lend up to that LTV for a cash-out refi?