My mark up is always lower than the direct lender because I don't spend money advertising during the Super Bowl or buying a private jet for my CEO, and we don't have layers of management we need to pay.

An alternative could be putting all your properties under one LLC to start, then reassessing as your portfolio grows.

Layer on the ability to invest the funds that otherwise would go towards the down payment and transactional costs and you likely come out ahead in such a short term horizon renting.

We take the T12 roll it forward, we strip out anomalies and one-time expenses and then layer in base assumptions and any known large expenses that are planned for the next 12 months.

It's an extra layer of annual paperwork that gets you absolutely nothing in return.

ASSET BASED LENDINGNote: Hard money is defined as average loan size under $2M, average loan hold duration under 2 years, and not a bank. 

You can do a lot of damage in Ohio for under $300k.

Speak with lenders - and consider that although they might agree they could lend to you today - they might not be able to when you need the loan.Unless the existing debt has no due-on-sale provision, there will always be a risk of the underlying loan being called.If it were to be called due:1.

I am under contract for a property out in Columbus and they are one of the few property management companies I am considering going with! 

If the client wants the deal, we proceed with getting it under contract.