What i'm struggling with is whether it's worth trying to do a non-recourse portfolio rental loan that combines all these into one loan. advantages are mainly that i get to wipe off the recourse nature off the record, can structure a 10-year IO period and ARM after that; however, the cost to complete is meaningful - 1% origination fee, $2-4k closing fees, new title policies cost of $15k or so, higher coupons of 4.3% +/-, prepay penalties and non-assumable, probably more difficult to selloff properties individually.

What i'm struggling with is whether it's worth trying to do a  non-recourse portfolio rental loan that combines all these into one  loan. advantages are mainly that i get to wipe off the recourse nature  off the record, can structure a 10-year IO period and ARM after that; however, the cost to complete is meaningful - 1% origination fee, $2-4k closing fees, new title policies cost of $15k or so, higher coupons of 4.3% +/-, prepay penalties and non-assumable, probably more difficult to selloff properties individually.

In some cases, they are paid positions, in others a stipend is issued, again the construct varies considerably but I have never known of any instance where anyone does it because it's such a great income earner, they never are, because the residents goal is to pay as little as possible to get as much as possible, a situation naturally antigen to profits as you speak. 

Alternatives? 

Alternatively, you could work as an employee of a builder - like Lennar or Pulte...

The dip in he economy will cause a natural dip in housing prices. 

Original article link below:https://www.bizjournals.com/au…Alternate article link here:https://communityimpact.com/au...

So, you a natural legal person would be representing an artificial legal entity--the LLC.

@Christopher Lombardi as Shafi mentioned, it will depend on a number of factors.The risk will also depend on the nature of the project, the experience of the team, etc.Are you also expected to maintain a certain amount of liquidity through the term of the loan?

My risk tolerance is usually pretty decent, but given the stakes (of being unable to find alternative financing), I can’t seem to mentally let go of conventional lending options.The risks I anticipate are: 1) Credit score will drop with a lot of activity in a short time (though I don’t know how much), 2) The properties are pretty rural, so appraisals could be low or lenders may offer lower LTVs because of the rural classification, and 3) Sudden market shifts could make lenders skittish about vacation rentals, making it more difficult to secure non-conventional lending.My questions are: 1) How confident can I be that I will be able to secure a DSCR loan?