Then the rents would cover that payment plus the mortgage with cash left over.

Know that every long term lender will require a survey and if something comes up on it when you are trying to sell or refi, you could get stuck in hard money without an easy or quick way to get out.Is there a pre-payment penalty?

But why would that make them want to use this financing method?

Let your criteria do the filtering for you.Regarding retention and renewals, the only time I have asked people to leave is when they have had rent payment issues and/or damaged the property. 

Overcoming Common Financing HurdlesMortgage brokers excel at tackling challenges that often derail new investors:Low Down Payments: Brokers can find lenders offering low or no-down-payment loans, ideal for new investors with limited capital.Complex Income Streams: If you’re self-employed or have variable income, brokers can identify lenders that accept alternative documentation.Competitive Rates: Brokers have the leverage to negotiate better rates and fees, saving you thousands over the life of your loan.Pro Tip: Communicate your investment goals clearly with your broker so they can tailor their search to your needs, whether it’s a short-term fix-and-flip loan or a long-term rental property mortgage.3.

There are tons of loans out there that use just the projected or actual income from a property vs the payment of the property (DSCR loans). 

If you’re patient and methodical, though, cash flow can absolutely become a reliable income stream.Hope that helps!

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

We are hoping to streamline tenant communications, maintenance requests, and payment records. 

It can take 2-3 months before payments get approved.