I started looking at individual properties and then began looking at small class B portfolios with 5+ units.

The IRS cross-references your 1098s with claimed deductions, raising concerns if discrepancies arise.Private Lenders and Forms 1098: Private lenders are required to send Forms 1098, but only if they meet specific criteria:The private lender operates as a “trade or business,” distinguishing professional lenders from casual lenders like friends or family members.The loan is issued to an individual or a disregarded single-member LLC.The loan is a mortgage secured by real property.The annual interest paid on the mortgage was $600 or more for the previous year.The conditions leave some room for interpretation, particularly regarding the “trade or business” clause.

Investing a few thousand dollars can provide a comprehensive roadmap and access to a supportive community of like-minded individuals.

Happy to be apart of this group of go-getters and individuals who are building brighter futures for themselves and their families. 

Either way - it takes a few minutes to drag and drop a whole folder onto a listing photo upload page and then order them in a meaningful fashion (front of house or major feature first, etc) - adding individual photo descriptions is a PITA though.You're exactly on point about the paperwork - sellers should be filling this out, not agents.

The condo is rented out and I have not lived in it and it is owned in an individual capacity. 

Is that simply the process no matter how many properties an individual or fund implements? 

This criteria is for 1-4 and 5-8 unit programs.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.

Naturally, my heart goes out to this individual (if the story is true). 

If you're referring to a true private lender, like an individual investor lending you money, in some cases, many charge 1-3 pts upfront.