Why not use bank debt or alternative lender debt if you don't qualify yet for bank originated debt?

My credit union I work with will allow 1.3 million in debt or 5 properties before they want one to incorporate.

Prior to leveraging, we would model the condos to see if the new debt would result in positive or negative cash flow for the condo. 

Buy the same amount(in regards to downpayment allocations) in debt notes.

Look into a DSCR, Debt Service Coverage Ratio, loan where the rental income can be used to qualify the cash out refinance instead of your personal income.To Your Success! 

If you're looking at a debt service loan, 15% is the minimum for a purchase but it's much more common (and rates are better) at 20-25%. 

I didn't see a minimum DSCR (or Rent to Debt Service), depending on the lender.Because I run my business myself my expenses are little to nothing above and beyond my mortgage and escrow payments. 

It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?

I also know I can look at ways of borrowing against that equity (HELOC for example) but I also just feel like if I take debt on that property the cashflow goes down, and then if the association also takes the loan it goes down more, and at that point I don't know why it would be a better option than selling before August. 

I’d like to keep the current fixed-rate mortgage in place and, if possible, have the debt transferred to the LLC as well.