JoeIm in the same situationJust to find a bank to move conversation forward was hardI went to Wells Fargo (after my own small personal community bank I have my business accounts) but they do not lend outside California.......others WOULD do an LLC but not on the SF or 4 plex's.....Only 5+ unitsThe only answer I got so far was take the property out of the LLC, then the loan would be based on whomever holds the titles credit (my problem,   too many loans, unfavorable DTI ratio, self employedNext step is to contact Jason above......

I understand that the tenants are covering it, but what I don't gain from them due to unfavorable financing terms, I consider a loss.

I live near the state line and have avoided looking in SC because of unfavorable property tax increase to investors. 

I do that by looking at the numbers something like this: Does the amount I can rent it for versus the amount of monthly expenses give me flexibility to lower rent and keep people in it if the market moves unfavorably, when I project cashflow how long will it take me to recoup the money I put in because once I make that money back I now have no money invested in the project but I will still have debt over my head.

I assume that applying for mortgages will only result in a lower credit score and either more reject letters or other unfavorable mortgage options.

Unless there are some unfavorable conditions like you need to renovate a shack out of your wallet.

Responses have been mixed, and it sounds like a few blocks can make all the difference in the world.My question is- does anyone have any advice for staying out of unfavorable areas? 

Mike WatkinsIf you Have an end buyer lined up just take title to house and resell Lots of people look at wholesaling unfavorable 

But foreclosure auction terms can often be unfavorable to the buyer.

Being from the center of the central valley, having friends in Bako, and family that have lived there I always here unfavorable things about the city itself.