Great paying tenants in place and it cash flows even with my almost 10% DSCR loan.

I am in the middle of getting a loan with a small credit union in my area, and recently rates dropped and I asked my lender what the rate was now and he said it was the same for my deal.

They expect to not qualify on a loan (since income is likely too low) so my siblings and I want to cover it.

Purchase price: $18,000 Cash invested: $245,000 Sale price: $335,000 New Consruction spec home built with the help of a hard money loan from Upright (Fund that Flip at the time). 1420 sqft, 3 bedroom, 2 bath home on 1.8 acres.

So correct me if I am wrong, the reason being that you cannot reconcile bank accounts, credit cards, cannot epay or print checks, track loans, fixed assets, view a Balance Sheet and more.Saying that in QuickBooks you can create automated invoices.

This was as smooth sailing as it comes, easy title, easy loan, easy closing.

In general ARM's are pricing less aggressively than fixed rate loans.

There needs to be a really good reason, or this loan may very well be denied, even if DTI and everything else lines up.Going from a 4/2 1.5 hour commute, to a 3/1 45 minute commute? 

Another thing to consider is your loan.

If you refinance the property now the loan would be $100K at 20% down and $80K would have gone to repay the original loan.First, if these are your numbers for rehab cost and after repair value, it is probably not a good deal to begin with and you shouldn't be doing it.