Banks and CU have something called "High Cost" rules which means a mortgage under $75K generally is not large enough to include or finance their hard costs plus fee's.Some DSCR lenders offer a $75K minimum after down payment but rates are usually above 9.75% even with good credit and carry a 2-3 year prepayment penalty. 

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Can you shine some light on what exactly this may include? 

Be sure when you are mathing out your next purchase, you include the cost of the HELOC. 

I would price 2 of the rents as including lawn-care and offer the discounted 3rd rent to the one tenant who will be responsible for taking care of the lawn.

Hi all, I own 2 investment properties in Westland, MI and have a total of 6 insurance policies including my home and auto.

I am always down to talk about real estate investing in Columbus, Ohio.I can share insights on investing on both single and multifamily properties, including out-of-state investing.

However, if the $4k/month also includes utilities and other maintenance (i.e. gardening, pool service, etc.) then you'll have to factor that in as well. 

Their website doesn't show their Lenders license number and I thought that that was supposed to appear on all advertising which includes a website.

I have seen crazy claims from ADU developers including attempts to indicate a value based on income.