Don't forget with a MTR you're paying all utilities including internet and yard care/snow removal, where with a LTR the tenant is paying all that. 

I want a template that will automatically give me all the equations and include both the purchase, a cashout refinance with a new mortgage balance and % along with recording all the rents and expenses. 

After they confirmed they make less than the rent, I denied the application on those grounds.After that, they messaged me that they have a housing voucher which was not included in the application as a source of income and that the housing voucher would make their income reach the minimum requirements.What do I do now?

That being said, these will also have the strictest underwrites, including credit, DTI, and asset requirements. 

I’m not a fan of including utilities as you encourage tenant waste and your property appears to be more expensive than the comps. 

The max qualifying DTI is 48.99% which includes your housing expense and all other debts on your credit report.

I'm happy to talk about the greater Phila market (including suburbs).

Most lenders...us included...treat the flip/rehab/bridge loan and the permanent financing such as a DSCR loan separate financing facilities.

cloa...Note should include a provision similar to the following:FOR VALUE RECEIVED, I, [Borrower name] (hereinafter known as “Borrower”), promise to pay to the order of [Trustee/trust, payment address] (hereinafter known as “Lender”) the sum of Fifty-Two Thousand and 00/100 Dollars ($52,000.00), with interest from the date hereof until paid at the rate of Six percent (6%) per annum on the unpaid balance, payable as follows: Commencing on April 1, 2024, and continuing on the 1st day of each and every month thereafter principal and interest payments of $577.31, with the entire remaining unpaid balance of principal and interest, if not sooner paid, being due and payable in full on or before March 1, 2034 (the "maturity date").Record a first priority security instrument (mortgage or deed of trust).

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.