If I can get myself in the correct position WV has an over abundance of abandoned properties and rehad possibilities that I would LOVE to get my hands on.

Money wasn't abundant and I had a good friend who quickly got me into hotels, which I did sales successfully for the past 6 years.

If there is a dearth of financing, values will be low then when there is an abundance of financing.

I just want to say that the abundance mentality is real!

It's about abundance!

.- Vacancy is rare due to the abundance in students.- Low maintenance tenants - they tend to not have specific preferences when it comes to countertops, flooring, landscaping, etc.- Low Hassle tenants; few students are willing to take things to court and they tend not to fight decisions that the landlord has made.- Most college students have a financial plan for college and are able to pay rent every month.  

If it's a fix and flip SFR or Multi Family, then the DSCR won't ever work, so you'll be relying on the global cash flow of the investors to support the payment, in which case you have to have a good case for that via personal cash flow of the investors, liquidity and/or additional assets to pledge as an abundance of caution.To the question about the LLC's financials on a new entity, for real estate it's a non issue as the asset is what is generating the cash flow to pay back the loan not a new 'business' in the traditional sense.

I live in an area where there is an abundance of multifamily properties.

The caveat to that is we no longer have the abundant supply of small and medium sized investor distribution access.  

There is an abundance of wealth out there just waiting for you to claim it!