DSCR will probably need to be around 1.1-1.2 at a minimum, and 70-75% LTV is common depending on credit.Hopefully that helps a bit, feel free to connect if you have any questions!

With larger multi-units, there's a common issue I call the "chronic disease of a fourplex": - One tenant might leave within a couple of months, with or without a valid lease

I know you are not a hotel, but in a sense you are. 

I've recently had the roof replaced and fully updated the common areas.Here's a breakdown of the situation: The units are currently marketed as furnished rentals (cashflow well), and based on the current income of the 4 units I own, I anticipate that all 6 units combined will gross $182,400 annually.

Also discuss with the contractor the time expected for the project if its small, mid or large and if it needs permits and how long would it take for permitting and all, also payment terms, make sure you go with payment terms that are fair to you and the contractor (so many terms but most common is monthly based on completed work with an upfront for materials) and ALWAYS keep the last payment until project is closed (retainage) and you do your walkthrough and if there's any issues you write them down and provide the contractor with (punch list to release the retainer once they're corrected or fixed). read about how to deal with contractors and always ask for references but it really depends on how big the job is, personally I wouldn't spend too much time doing due diligence on small jobs such as door latches or shelving rather on additions, layout change and other scopes.Good luck!

I know for seller financing its commonly said that if the borrower defaults, you just get the house back.. 

One common distressed seller I've been finding are landlord-managed multifamily properties that have a commercial side and residential side in C/C- areas.At first glance, they have good cash flow... but they come with a tangled mess of existing tenants who pay way less than market value and usually have a longer term lease on the commercial side, meaning you'll have to sink in a lot of time and energy to maximize their profit.It seems like it could be a good niche to go after if you know how to maximize the cash flow OR it could just be a massive headache and money sink if approached the wrong way. 

All pretty much common sense stuff.

Hi everyone,I've searched the archives but can't find an answer to what seems would be a common item -  For residential leases where you have an LLC that owns the property and another LLC that manages that property, takes rent, does repairs etc., how do you structure the lease agreement. 

Nothing wrong with this either. you just do not want to buy an appreciation play in income market and vice versa.hope this makes sense