The properties in OK, which are roughly 30-40% smaller than my personal residence are only about $400-$600 cheaper than my FL insurance.

Deed restrictions tied to a mortgage can be tricky to remove, but it’s not impossible.

Just not seeing any rents close to the property for 3/4 bedroom properties that would cash flow for a mortgage that size.

For a hard money loan, you have to close in an entity, it also helps with your credit being the mortgage is not under your name, with a 700+ credit we can usually get you 80% LTV on a purchase.

Hi @Chris Garnes,I am an investor who has self-funded rehabs and also a licensed mortgage broker.

The third property has a nice cash flow.I am wondering if there are steps I can take to reduce the cashflow issues of the 2 properties before obtaining another property, like pay down the mortgages or should I just save the cashflow from the third property to pay for any future expenses?

It's a lot easier for both parties and cheaper for the company.

@Charles Evans, definitely keep all paperwork associated with your tenant (lease, receipts, etc).For expenses that are not split per unit but are for the entire structure (utilities if not separately metered, mortgage interest, etc), keep a record of those payments so your tax pro can deduct a percentage of them for the unit you're renting.

They has NO idea how to underwrite a commercial mortgage loan.

I heard that if you move the personal mortgages to an LLC they could get called and we would want to avoid that3.