What made you finally get one?

Commercial portfolio loans will be quicker.2.)

Quote from @Gary Bonds: Any best practices when attempting to secure business funding from a bank, in the form of a loan or credit?

Nice - congrats - hard to find Multifamily DSCR Loans at that size but looks like you successfully executed!

I recommend you pay him the final amount, but get a lien release, in advance, that says if you pay him this final amount, he will have been paid in full for his work and no further liens can accrue.

I dont know how many units you are talking about, my biggest problem was tenants having easy access to me.I finally decided to use a software and got an internal property manager so moved away from it.Currently setting up the maintenance request portion of it, so will see how it goes.

I had one were we did not get to it for a while 6 months or so it was just boarded up.. when i went to sell it wholesalers were going through it said it smelled bad.. one of them finally went down to the basement and found a corpse that had been for quite a while. scared the heck out of him..

Rates are pretty high (12-15% with an additional 5% of the loan paid at maturity).

The property passed final testing by the county health department.Is this anything I should be concerned about?

If you decide on DSCR loan I don't think local is as important.