A lot of investors are jumping to secondary lines of insurance coverage and the problem with those is that the companies are based in the Cayman Islands or the Bahamas a lot of the time, and it is suspect that they would actually pay out if the need arose unfortunately.   

If he’s able to rent out the property in Tacoma either STR or MTR (military bases have great tenants) to hold it long term as long as it cashflows enough.

Thanks  Don't just solely base your decision on the rate and terms.

Hey @Dan Porat Are you looking to acquire properties based on watching this deal analysis or is it just pure entertainment?

Of course if we refinance our DSCR loans we will have a 5% PPP which is not a fun pill to swallow but for some properties with a low LTVs, we're open to it.We need a loan product that is asset based.

I never choose anything based on price.

I'm KP Warren, an real estate investor based in TN.

Is this LTV based on ARV or the purchase price? 

Let's help you duplicate that success in the Houston Area.I am a Houston, Texas based Investor Broker/Agent who has worked with over 400 BiggerPockets Members and Investors. 

. $360k equity (based on your estimated loan balance and estimated transaction costs if you sold, this is not calculating capital gains taxes but that would reduce your equity down to about $310k if you sold without doing a 1031 exchange). $8k cash flow (this will increase over time because you are in an appreciation market). $6k principal pay down (based on your current loan). $20k appreciation (based on 3% which is conservative, 4-5% is the historical average).