In NY for example, you agree in principal, but do inspections before the attorneys write the contract when it is a full go.

For example, on my 1.7 mil loan, my payments went from 9k a month to 15k a month, principal and interest payments. 

as Update to this post from 6 years ago, there are heloc's on owner occupied 2-4 unit properties up to 89.90% CLTV or combined loan to values (meaning multiple loans but all together not exceeding 90% of the value).Terms typically areinterest only first 10 years and drawable from the lineyears 11-30 its Principal and interest payment Prime index/rate + margin (this portion is fixed but prime is not)underwriting is done assume prime + margin + 2% stress test for underwriting meaning if your prime + margin was 10% then your underwriting rate used to determine your maximum line you can qualify for would be 12% rate as an example based on principal and interest payment over 30 years or 360 monthsIncome is the main determinant of your qualification and fico min 680+ is just the min score to get through the "front door,"Maximum DTI or debt to income allowed is 45% DTIMaximum lines on this product go from 500-750k so you can get a decent line size that can actually buy other BRRR's or fix flips and deals.

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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Being as you’re not a licensed agent and you’re dealing principal to principal, they’re not so many legal hurdles to overcome.

You'll like also need reserves of at least 6-12 months worth of PITI (principal, interest, taxes and insurance.) 5+ units can require more down, but 25%-35% is common.

Or if it is better to have / had 40% (either higher down or big lump sum to principal)?

I continued my program of over paying the principal amount of my monthly PITI to bring the loan principal amount down quicker as well.

Typically, the NDA will be integrated into other principal agreements relating to the subject matter of the NDA such as proposals, contracts, representations and agreements.It is always a good idea to separate trade secrets from confidential information in the NDA, this is because trade secrets usually have a longer protection period by law.

Probably short term rentals have a separate form because of the lodging taxes.Your attorney or anyone else can sign if they have a power of attorney, but the instrument has to recite WHO the principal is.