. $1,500 rent40% expenses$900 NOI per month$10,800 NOI per yearat a 7% cap rate that's $154,285 cost per unit$154,285 loan at 6% and a 30 amortization is $925 which is a 0.97 DSCRFor $900 a month NOI per unit, to get to a 1.25 DSCR you would need a monthly mortgage payment of $720 per unit.

The rent increase that can be passed comparing to the capital expenditures is capped.

Being able to help someone who was going to walk away with nothing, and there was also lower cap ex.

While Section 8 has caps on what they pay for, say, a 2 bed, it does not mean you will be to get that.  

If want to argue the opposite, let us know where your cap-x account stands in reserve capital?     

I am in a group that has a passive investing club and when they have a webinar the people who run the group are very experienced and will call out BS or tell people they should question whether someone can buy a class A at 6 cap and think in 24 months and put lipstick on a pig its a 4 cap.

Hey Corey -Three things I’d like to highlight are:1) Most lenders will have a leverage cap on doing a portfolio loan versus doing a single asset, so definitely ask the lender(s) that you’re speaking to about this. 2) Be mindful that a portfolio loan will save a decent chunk of change (thousands of dollars) on closing costs, so that can make it worth it. 3) Lenders will also have partial release clauses for paying off individual properties in the portfolio.

People want too much, too many doors, too much cash flow without realizing that more doors equal more problems and more cash flow can mean more cap ex in general.

Being able to help someone who was going to walk away with nothing, and there was also lower cap ex.

As a side note, Floridas current insurance issues are mostly caused by other factors besides the increase in severity and frequency of natural disasters however (roofing scams and no caps on lawyers fees for claims, both results of bad government policy that resulted in most insurance companies leaving the state and the remaining ones raising rates to account for having to pay for all of the roofing scams and absurdly high attorney fees on simple claims).