I was not aware that insurance companies could void coverage for this issue.

Thanks RalfRalf -I'm afraid you haven't given enough information here for me to completely and professionally answer your question.It depends on how the "company" is set up.If it's a sole proprietorship, then you would be technically lending funds to yourself.

This will allow you to learn the ropes and minimize your risk as you gain experience.Monitor your investments: Continuously track your investments' performance, including rental income, expenses, and property value.

Balance of current loan with private lender is about $470k.pro forma (and actual cash flow) runs about $1200 net each month.Property is owned by an LLC of which we are the two members.Last week I got a quote from a company for a DSCR loan for 9.25%. 

I am a local investor, broker, and own a property management company.

I am not familiar with who you are working with but always recommend vetting any company deeply before signing and paying -- those companies tend to have a lot of overhead they need to pay - out of your bottom line.

Keeping your payment in the range of rents (allowing for expenses a homeowner will pay and a tenant doesn't) tends to keep owner-occupants on track.Your attorney or an attorney-owned title company can create the docs and manage the closing.

But I’m going to take your advice and continue to work on it one unit at a time.

In the time Jesse taught me how to connect with local businesses and to build a Rolodex of companies to book my property.

Hey everyone, interested in some advice and connections.Started out my real estate investing journey being a wholesaler for just about two years and built a strong funnel of continuous leads.