If you have good credit 720 and above your rate should be around or under 7.75% with only 15% down.I have seen rates that high but last time I checked it was on a DSCR with low fico scores. 

I just read last week they have another $60M project going into foreclosure.

The last one was great and meet some nice people. 

I made $xxxx more this January than last January because of 12 months of debt payoff and increasing rents. 

Hello everyone, I have been grappling with the below question for the last few weeks.We have a condo in downtown Chicago that we bought for $150k 10 years ago which generates ~$900 per month on Cash flow.

Thanks, Chris Hi Chris - I actually published a 10-part series here on BiggerPockets last year on everything you could want to know on DSCR Loans! 

You will still be faced with the passive income loss limitation.In my opinion, continue buying quality real estate investments and allow the depreciation to shield your cash-flow.This will allow your real estate investments to grow tax deferred.

Schedule E typically caters to rental income and certain types of passive income, while Schedule C is tailored for reporting profits and losses from a business or self-employment. 

If you more than one owner/member in a LLC, the LLC will file a 1065 partnership return, but all that does is spit out a K-1 (like a w2 or 1099) showing the profit / loss that you need to report on your 1040 form.If the LLC is single member, then you will basically continue file addition SchE for your long term rentals. 

For example, is it standard to ask for first and last month's rent upfront?