Please tell us more about the financing you have lined up - is it a traditional mortgage, DSR loan, HELOC...Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location(s) to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Originating new loans is somewhat easier however same concepts apply.. 

This has numerous implications should the buyer not make payments, or the loan be accelerated.2.

What kind of loans do you provide?  

If you have a loan, you may wish to look into due-on-transfer clauses.

Set this up by doing the math and getting the right loan so that your place nearly breaks even after a capital expenditure account is paid (for those big ticket items). 

I try to copy the type of structure thats working (changing the elevation) and use those as comps when I go to use a DSCR loan on the back end to pull money backend.Knowing what strategy you are going for would help me direct in a more accurate way.

Purchased land with $120K down, $50K land loan.

Hey Michael,I use 70% there to estimate how much a bank will loan on that rental properties rental earnings.

Federal guidelines do not allow loans like this to be refinanced sooner than 90 days I'm told.