I will be lowering the asking price and seeing if that will help in the sale of these properties.

These files were standardized forms that many other lenders in the past have given me up front or not long after the initial engagement.

You'll also want a lawyer to draft up the docs for you and register your mortgage on title of the property being lent on along with the promissory note.  

They usually say something like Pkg 5-dfw 28 llc, with 10-20 properties in each LLC.

How do I get to 5, 10, 20 properties with DSCR?

The key is to standardize property quality and management systems, which would appeal to buyers seeking scale.If you’re thinking long-term, holding these properties for cash flow while leveraging local appreciation is also a strong play.

Hey John,I work with several different property managers, which I refer to for my clients (I'm an investor friendly agent over here).

Here's some basic copy & paste info that may help you make better investing decisions:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I am not sure where exactly this property is, but this is an example of why I prefer B class neighborhoods or better when looking for rental properties. 

I got the property off-market for $250k from a trusted family friend.