They're all going to use NOI/PITI, but you'll experience a range of DSCR requirements which will directly affect your max LTV and you'll also experience a range of rates.

This is more a B- class neighborhood.I plan on doing a remodel of the kitchen including new countertops, range and hood, refrigerator, microwave, dishwasher; the cabinets are actually in solid shape and hardwood so I would like to keep them, but they definitely need to be stained and will also be adding hardware on them.

I found a 10 year loan term with light stream, but was hoping to get something in the 15-20 year range to improve cash flow.Thanks.

It covers a wide range of topics including finding potential properties, financing deals, and managing tenants.

Prepayment penalties range from 1-5 years and you get to decide the length of the term.

We are looking to stay in the $300k range or less for a home that is turn-key.

Call local property manager and ask if what the range they would think this is, underwrite for the lowest number they give you.

You might find more than one lender who won't ask for the 6-month interest reserve but he'll probably ask for a bank statement with the 10% down 4%-8% closing costs 6 months of interest just to know you have sufficient liquidity.  

This type of financing requires the projected income of the property, determined by a local expert, to sufficiently cover the monthly mortgage debt.

I've seen a trend lately of more options in the 20-25% range.