Ultimately the debt will still be recourse meaning you are personally guaranteeing the loan. 

No personal guarantee required.

It is not legal advice and is not guaranteed to be accurate.

You want to read foundational books to build strong instead of reading a book on self-storage now.Just do those 2 things for 6 months and I guarantee you will be on your way and will not have spent more than on books.

Almost all DSCRs require a personal guarantee, and PG'ing a loan WILL have the exact same effect on your DTI, regardless of whether the DSCR lender reports it on your personal credit report.

IREM President Libby Ekre, CPM, shares five essential things to look for:Licenses & Certifications – Ensure the firm has certifications like CPM or ARM, guaranteeing adherence to industry standards.Regional Experience – Local market knowledge is crucial, especially for properties in smaller cities.Property Type Expertise – Match the company’s strengths with your specific property type for better management.Company Culture – Look for a firm that values customer service and team management.

Do you require a personal guarantee? 

In most cases, a contractor wants to provide their own materials, not because they want to rip you off, but because they know that if they use quality materials that they are familiar with, they can provide you with a reasonable guarantee. 

Perhaps the Turnkey Company may even specialize in section 8 which would be another big positive if an investor is looking for less risk and government guaranteed rent and cash flow.

Would we be able to collateralize that house (as a form of guarantee) to help on the financing of the new one?