At 80%, you're pulling 960k out and you have just played the BRRRR game pretty well. 

@Daniel Pitner Well, I guess you can wholesale anything...these aren't real property...they have the equivalent of a car title.

(the answer needs to be immediately) How long do you need me to be on title to refinance?

We typically look at these as 36-48 month balloons on a 30-yr am schedule...7-8% interest...10-20% down...Alternatively, you could structure a lease with an option to buy....same basic concept but it works differently...contract for deed offers the seller the most protection because you hold title until the terms are satisfied...and there are a few variations of each...just depends on what you're comfortable with.

In a podcast I listened to recently, Brandon said that he gets a conventional mortgage and then titles the property in his LLC after closing (they discuss the possible implications of doing so in that podcast).I’m not aware of any local banks in Evansville that will do a 30 year amortization on a portfolio loan, so I’d be interested to hear if you find one.Since you’re new to the area, I encourage you to take a good look at the property taxes and how they’re taxed differently for rental property in Indiana.

Even if your end game is paying them off, it is still better to use leverage to acquire them earlier.

Hi guys, I am new to the real estate game.

I know it'll be a game of trial and error in the beginning but I'm just looking for some tips from others that have gone through it to lessen the learning curve. 

My buddy and I decided a few months back to get into the real estate game.

Signed all the papers, etc... they ask, "who's on the Title?"