note: they do have enough money to cover the first, last, and security deposit

Hi,I am looking to connect with MTR specialists covering the North Texas region ( Frisco, Little Elm, Mckinney) to market my single family homesThanks

I did a private lending , borrower bought house under the name of LLC, first lien recorded. value of house is at least to cover the loan(as of now).

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I'm looking for recommendations based on your experience with insurance companies that cover STRs in this area or other mountain markets that are comparable. 

So you’ll want to ensure your cash flow can cover the additional monthly note (assuming you still have a loan on them from the pre/during-Covid acquisition dates.)

Later, we stripped off the old patterned wallpaper inside the house and saw that the walls were covered in water stains.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

It would be a "DSCR" loan in the sense that it would need to debt cover, but not the same formula as the 1-4 units (rent/PITI).

If you do find a deal and maybe it doesn’t cash flow for the first year or 2 but you can make improvements, raise rents on under market leases, manage property effectively and cover your expenses at least you will have started and can look for better cashflow over time.