It was interesting in terms of how a good lawyer can get past an LLC. 

After years of sort of cruising on auto-pilot with a single tenant on a long-term lease, we figure it's time to assess the real value of this longtime family investment in case it might be time to sell.

Hi,Does the type of lease term make a difference when wanting to do a DSCR type refinance loan?

Before pulling the trigger, take a step back and reassess your long-term goals.

Buying in a mostly owner occupied has a few more advantages long term.  

Being able to refinance out is just one of the exit strategies and its good to know how long you have to pay on the underlying mortgage to be able to take out the current obligation.

because if In New Jersey I can get 18% interest rates the redemption period is 2 years which for someone could be a long time their money is locked.

Once made, however, these loan terms are unenforceable unless this is a commercial property.

@Kyle Castle as long as your bank account(s) that you receive rent $ into and pay expenses out of are integrated to QuickBooks you shouldn’t need anything to bridge the gap.

Initially intended as a long term hold How did you find this deal and how did you negotiate it?