If the properties you're buying are going to be investment properties, DSCR loans can be a good option if you don't or can't do an income based loan. 

You can however use a hard money loan!

I have no experience in commercial loans.

Wanting to know if they have any DSCR lenders that will loan on a condo.

Between the four of you, you make about $510,000/yr, which will qualify you for a sizable loan.

Depending on how many you anticipate buying and how quickly may provide insight into whether or not you want the added hassle of finding loans with an LLC.

I've personally worked with a handful of "investor-friendly" lenders, primarily on DSCR loans in recent years, and each time I've run into significant delays, lack of transparency about the process, have been fed the requirements in a piecemeal fashion (every few days there's a new random request rather than having it all organized from the start), and have even run into lenders who were substantially misinformed about the real estate industry or the laws that govern it on both a local and federal level.I think there should be a better site to encourage accountability by tracking how long it actually takes each lender to close their loans on average, and what unexpected hurdles investors encounter when trying to work with them.I can't seem to find such a site.

.- thanks   1) on the  1st mtg  refinance proposal at 4.1%  -  sounds like they are  offering you the  higher note  rate  so they can  absorb  some of the closing costs .....make sure you get a loan estimate and  review the details about them picking up all costs  ( titel / escrow / recording /  credit  etc ...)    2)  also  check the  index / margin and  caps   on the new  loan  offer   and  compare these to the  present loan  details  ...if you  keep this loan past the   rate/ payment  adjustment  period - you want to make sure  you  are aware of  how the ARM  can  change   3) the offer  to  do  " free  "  refinances in the  future  is  no  big deal  beacuse  any lender  can offer this  via  a higher rate  to  absorb  all costs 

@Kevin ChubetKevin does this STR tax strategy also applies if you acquired the property as a second home / vacation home using the 10% down loan?

- Loan Type and Liability: Implications of personal vs.