When things are "easier" it puts you in an even better position.

I have a odd question,  70+ unit property 6mill left on note 5.50 30yr amortized   assuable 3 yr i/o remain BP calculator, Cash flow is positive cap x 1.5mill in Improvemennts in the last year with 20 units for value add improvements where do I go to get approved or a deal or a foot in the door? 

Vacany rate is about 10% for LTR, days on market depends but 15-30, 33609, 33607, 33603, 33604, 33605, 33615, 33616 to name a few. 3/2 even 2/1 can be rented easily, you have an array of options.

Hi William - just wanted to share an article I wrote about DSCR Multifamily Loan Options and Pros and Cons for this exact need (5-10 unit multifamily). 

I would like to address the concerns that you brought up and hopefully help clarify any confussion and see if you are still in the industry looking for financing options. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Check in with @Joseph Chiofalo for STR loan options.

We have carefully studied our options and are considering the best ways to structure our investments.One option is to purchase the properties through a LLC for liability protection.

.- There are options for suites and adjoining rooms, which have been popular options for people bringing families because they love the idea of a tax write-off vacation!

If you can't get all of the information you need to screen properly, which should include positive past rental references, then it's a pass.