Lenders will lend the lower of the amount between LTC and LTV.Do you require an appraisal and survey?

Purchase price 125kClosing costs 7k with hard money lenderCleaning $300Closing costs 5k with long term loanrent $1345My PITI 1095Monthly Cash Flow $250Second position lender to cash me out of my 18k left into the deal will get $180 of the cash flow.Zero left into the deal, $70 a month in cash flowSell for $165,000 in 1-3 yearsEstimated profit over a 3 year period of time $30,000 - $35,000Total amount of work 4 hours including writing this post.  

If you do decide to invest with what seems like a trustworthy sponsor the best way to do so is to start with a small amount of capital, observe performance, reporting, etc. and then increase your contribution on the next deal. 

•Massive investment.

We have a good amount of guest that come for graduations at Fort Jackson, baseball tournaments, family get togethers, lots of people for various types of work trips, etc.

Hi Kristin, if you reached out to a lender about refinancing the property and they turned you away due to the loan amount, then it was most likely a DSCR loan product.

Whether or not you subtract reserves for maintenance, vacancy, management, etc. from the annual rent or use the gross amount is a personal decision and I've seen people do it both ways.

Q1 - We will have 20% down if needed, but is it better to put the least amount required down and have mortgage insurance? 

Sometimes they have a pre-determined amount they are willing to share, sometimes they say they are willing to pay but the amount must be negotiated. 

Also, rather than taking a large amount of money and investing into one single directly owned property, I can split it up into much smaller chunks across many different passive investments.