The loan info (hard money for acquisition; conventional for refi) is from actual conversations or emails with lenders. 

It’s now mid-November.After double-digit requests through phone/voicemail to almost every phone number option in the menu, emails, messages onto their web site, Facebook messages and comments, I had to initiate a chargeback. 

Write the property on the receipt and keep a digital copy and the hard copy.Quickbooks Online is a good software for both receipt capture and organizing what expense goes with which property.  

@Brandon MorganTo buy your second property sooner, consider conventional loans with a 5-20% down payment, house hacking with an ADU, Home Equity Line of Credit, or cash-out refinance.

I would suggest you talk to a mortgage broker or a bank though - if those homes are zoned commercial you will probably have a hard time getting an FHA or low down Conventional mortgage.

Conventional is still the gold standard, but DSCRs are a close second for good deals. 

Hi BiggerPockets Community,I’m heading to The National Due Diligence Convention in Houston this weekend.  

We have one rental property now in our home state (Colorado).... and our purchase in Ohio will be with a conventional loan.So it's sounding like we will do this purchase without an LLC formation... it doesn't make sense right now.As we build a portfolio, it may make more sense to do so, but it's sounding like -- from advice here -- it may not be necessary (or be of much use tax-wise).Thank you!

My real estate agent thinks he's nuts, but she has more experience with conventional loans than DSCR. 

Conventional financing would be difficult as they typically require 12 months seasoning to use the newly appraised value.