Rates are 5-5.25% right now in CT.For commercial notes Im paying 5.5-6% on 25 year term, 5 year adjustable portfolio loans. 1 year seasoning. 

@Carrie Reyment  -  I'd have to imagine it would be difficult for even the most seasoned investor to buy into a deal like this with no $ out of pocket. 

Based on the purchase price, I'm just going to take a wild guess that this is an older building in an average-at-best neighborhood.If that's the case, you are going to spend a lot more on repairs, and you are going to have a lot of CAPEX every year.

If you find the right place, you'll have an annual renter and not a seasonal renter. 

If I can jump through all the hoops.. my debt to income ratio is on my side, its very low. income tax season is here, so that will help me out. one issue is; my work has been slow the past couple months, only working 2-3 days a week. but we are finally picking up and should be busy for a while, my YTD income/income over the past 2 years has not been very good due to having 4 surgeries(work out injuries).... although I was collecting short term disability all 10 months off work. hopefully the bank see's how much money I make a week now and everything works out, wish me luck BP FAMILY :) 

Or would I need to let the money “season” for two months?

Hi BP, for those who are seasoned, in the process or working on this yourself- how do you go about presenting opportunities to get friends and family in on your investing.

The older the asset, the higher amount of reserves.

I want to do the BRRRR strategy so I can get access to my cash after the property is stabilized and build my portfolio.If I purchase the property for cash and go to finance after stabilized, do I still have to wait 6 months for the "seasoning"?

We have great proximity between boston and new york, top colleges, 4 seasons, etc.