(for the record, the property is cash flow positive about $100 per month as is and is only a 5 year old home, but my emergency fund is only about $10k right now)And does it make sense to ever use a line of credit?

Thanks for the positive feedback!!

hey ashley im new as well i been in atl 7 years and just now staring this journey myself but things look positive already been driving for dolllars found a lot of good prospects ... so im just networking to widen my fellow investor base, lemme kno if you need any tips .... much success to you !! 

If you get a response (positive or negative) about the LOI push for a face-to-face meeting and start building a relationship. 

There is more that U/W looks at than JUST solvency, though if you're properly collateralized and you have positive DCR then those are certainly the two biggest factors that will be considered.

So 13 of the 20 properties are on campus the others are around town.The positives in the town are that the town has added a brand new McAllisters deli, Dunkin’ donuts, and CVS in the past year.

Once you include HOA costs, condos often/usually don't show a positive cash flow, once fully leveraged.Have you already found a Lender who will loan you 80% ARV for an investment condo?

There are resources that will take a 2nd position on the property.

Oh, and do yourself and your mentors a favor, otherwise they will not take you onboard, or they drop you quickly: do not waste your mentors time and stay positive.

Also DCSR must be positive 1.0+, preferably 1.25+.