Now add in a little bit of equity paydown as you are slowly repaying the mortgage balance, and add a little bit for some theoretical cashflow, and add a little bit due to all of the random tax incentives landlords and small business owners get. 

The cost of living and doing business is generally lower, which can translate to better cash flow.

We dont deal with one off JV folks we only look for those that I can establish long term repeatable business with.

. $111 per month savings or $6,660 over the term of the pre pay and it would cost you a little over $5k upfront... so if you keep the loan through the prepay period you profit $1,000 bucksif you keep it the full term it's a savings of around ~$35,000Most DSCR Lenders dont allow rate significant rate buydowns these guys do (Lowest I can go down to 5.999% but that's paying 6 points total) and we're correspondents with them so it would close Lightning Fast...a couple more, this is kind of fun...Lender 4: Ooooh, interesting...L4 - Option 1: 7% with 2 Upfront BUT...

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Convert it to an ADU as well...the State code allows any existing SF to be converted to ADUs.

And of course a great BRRR lender who can fund on time every time. in my business I only work with experienced BRRR folks and as such I become a capital partner and allow them to scale with very minimum amount of capital and they dont make monthly payments. this is huge its the up front costs that usually hold folks back from scaling. so if they find someone like me then they can 10X what they are doing..

Look at historic appreciation, aim high, but allow for an appraisal contingency.

@Ryan NelsonYou’re a little confused about the items in the offer.Seller’s concession means that you would agree to allow the buyer to add the closing costs to their mortgage.

My worry would be if one day HOA would decide to stop allowing STR since profits will depend solely on it..