Looking forward to get to know like-minded individuals.

Real Estate Friends!

Hi BP friends!

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.

Older properties could allow for a higher quantity of investments and potentially more cash flow, but I lack experience with these and would consider working with investor friendly realtor and property managers.I would greatly appreciate any advice on:New constructions vs. older homes.Self-managing or working with a property manager.Identifying promising locations for long-term rental investments.Thank you in advance for your time and help.

If they are not going away any time soon, you can suggest if they can stay with friends/family and you can either give them some money or restaurant gift cards as a thank you/sorry for the inconvenience to keep them happy. 

Pricing is very similar to Cleveland but the landlord tenant laws are more landlord friendly.

They are investor-friendly mortgages that qualify a deal based on the rental income and do not look at your DTI in any capacity. 

In this case, it ultimately depends on the specific policies of the apartment complex or landlord.Some landlords may consider the overall average credit score of both applicants, while others may require each individual applicant to meet the minimum credit score requirement on their own.

Lawyers and plaintiffs don't only go after individuals/businesses with deep pockets4.