Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.

Make sure this is factored into your valuation & underwritng.

I would lean toward keeping it but ask a few questions:1) Are you assuming a small negative cash flow WITH a vacancy factor included? 

Cleaning and preparing to paint may also include Primer coat first especially in Bathrooms or Kitchens. number 2 is good always match the doors and hardware. number 4.

If as a partner, you had better have your attonrey draft a good JV agreement OR form an entity of which you both are partners, which would also include a formal operating agreement drafted by your attorney.If you choose to act in the lender capacity, your borker will handle all the paperwork you need other than your own internal paperwork requirements.

However, rate would be prime + index + an additional +2% for the shock factor just to qualify, but you can draw the funds whenever you want vs cash out where you have to draw all the money after closing.

My leases clearly state that the "Tenant shall maintain all appliances, equipment, furniture, furnishings and other personal property included under this Lease". 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Hey Eilon - you should be able to go up to about $800k or so on purchase price including any rehab if you go that route.

Your debts as well as your credit score also factor into all of us.Presuming you meet all of those qualifications, you should reach out to a realtor and ask about seeing it and go from there.