What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

You can also reinvest into the same cash flow property to accelerate the payoff or speed up the ability to hit the required LTV to refinance and pull cash out faster.

The property required $38,500 in renovations, presenting a clear opportunity to add value.

The drawback you have to fit "in the box"; 20% down +, excessive reserves requirement, specific restrictions on tradelines, assets guidelines, DTI under 43%, owner occupancy etc.. if you are open to ARMs you will have a bit more options..Also need to consider the type of property - if condo/condotel banks might not finance at all.. there are many factors to consider we do have some good outlets for jumbo, would be happy to review your scenario and give you a quote.

This happened to us where the weather stripping required pulling the door tight.

Hi Jeff, Most lenders on investment transactions will require 15-20% down payment assuming the credit is healthy. 

I’ll be checking today to see whether what they did was something for our attorney or for law enforcement, but I have never seen a company act so irresponsibly.Hi there Tiffany,This is Danny from RentRedi.First and foremost I would like to apologize for the headache and time this resolution has required from you.

I let people know upfront what is the required minimum monthly income, what is the total required move-in money (I pro-rate the second month), length of time on job,  no accounts n collections   etc.   

Note that under same conditions as margin purchase, I would have been required to sell these cash positive units.  

However, it will likely lower future cash flow so it is a time-value of money play (and perhaps income tax bracket matching... ie, big deduction during a one-off big income year).Two properties... one with cost seg and one with out will have the same depreciation taken at the end of its life (27.5 or 39.0 years).Also keep in mind that STR usually requires 39.0 years of depreciation for the primary building asset.