I think you can, with some work, overcome the objections that you'll face with lenders by coming to them with an established property management company, and other team members already in your corner.This week I'm flying to a Mid-West market to meet with multifamily brokers and lenders, but I've already lined up two management companies that I like, and I have a 15 pg business plan for how I will approach the market and my criteria.And....I already own multifamily, but in Texas, not this market.

I've read some of the forums and blog posts, and everyone's examples always seem to be slightly different than mine and I want to make sure I approach this correctly.Under SHST, can I expense the cost of an improvement (in this case, a new water heater) fully in the year it's placed into service? 

My goal is to have 20 doors via the BRRRR method.Bought my first property in cash, split it in two, rehabbed it and are about to start renting it, have been approaching local banks searching for a refinance mortgage but without any luck since I don't have a W2 or the revenue history (2 years) that the common bank is looking for before lending the money for the mortgage.Can anyone recommend a credit union or bank that can provide an asset-backed mortgage for the property without looking at the personal finance?

I'm just getting back to this direct-to-owner approach since the deals I'm getting from brokers are priced like crazy-pants.

When you approach other syndicators that have such results, make sure you have something to offer (it must be something of a value to THEM!

My wife and I decided to let a local management company help us get this cabin up and running for a few reasons first and for most we are new to investing and the short term rental area being new to us as well, we thought why not jump in and take the passive approach.

Does this approach really work??

However, you could approach the tenants and offer to somehow buy them out of the lease.

If I don't understand the fundamentals of the terms myself, how can I confidently approach the topic.

I wanted to gain insight as to how to approach this deal with the seller financing option with little to no money of my owned invested in this deal or structuring it with my own funds being used for the down payment and set it up as to where I could cash the seller out after a certain time frame.