Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

@Nick AmDepreciation is a ZERO % interest loan.  

Cash out should be used as a 12-24 month loan so that you can buy another property and pull cash out at the next 12th or 24th month mark.At that point you take a portion to pay off or down the first loan and use the rest as a down payment on the next REI.

Don’t forget to include the cost of the loan servicer. 

If they can afford to stay, chances are they need to refinance and get the X name off the loan.   

Quote from @Jay Hinrichs:Jay, it does look like one of the strategies of this 711Rescue is to restructure the loan for their clients, but at 2x DSCR!

I use a loan servicer who processes the borrowers payment and then sends to me.

You will make more from loan pay down, yes you SHOULD have some appreciation.

Loan pay down and depreciation.

I ran my own custom proforma for a bank loan using the asking price that would generate a cap rate over 10% and CoC just under 20%.