One thing you didn’t mention is what is arv after renovation?

His website mostly mentions home remodeling and home roofing.

@Gus DelgadoWe just got a list of around $20M in defaulted multifamily loans in dc 5-20 unit propertiesSo it will be interesting to see how they shake out but there are gonna be some opportunities in DC - as mentioned know TOPA but don’t run from it

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

@Zackarias Aitchison as @Theo Hicks mentioned you will want to add value to a syndicator wether that's money, etc.Let's assume you want to go the FREE route.As mentioned before, you'll want to target a syndicator who's actively doing deals and then add value.Value Add Ideas:1.

Hey Joel - As others have mentioned, a sub 1 DSCR could be a great option for you.

Otherwise the corporate veil can easily be pierced as others have mentioned.

You mentioned it was 3% interest only however the math calculates to a payment of around $3950 a month if it is amortized at 3% and 30 years starting with a unpaid principal balance of $937,000.  

So something no one else has mentioned.....The BIGGEST reason you should always utilize an agent when purchasing a home is Liability and legal responsibilities.

Lender 1 would rather skip that step and explanation so it's baked into the cake.What I mentioned above is just a way to get down to the nuts and bolts of the actual "base rate" offered by the lender.