Hey BP I have been told by a lender that I can only get the seller to pay 2% of the closing cost on a property because it is an investment property? Is this true? Also I am in the market for a lender in the Tennessee ...

Hello my name is adrian moreno i am trying to get started in real estate I don't know what my best option is for mortgages under a entity.

You will want to do some research here and make sure that you are comfortable with the (albeit very low) risk of triggering the DOS clause that is in most mortgages. 

Monthly mortgage payment for 30 years with 4.5% interest rate is about $1,400 (total monthly). 

Monthly mortgage payment for 30 years with 4.5% interest rate is about $1,400 (total monthly).The property is currently being rented for $2,400 with an immediate positive cash flow of $1,000.

Otherwise you don't get any equity gains and you lose out on mortgage pay down as well.

I was just approved for a $250,000 mortgage as I am a small business owner and write off most of my income.

People who were in housing costing more are at higher risk during a turnover to find lower rents or lower cost mortgages.  

I will keep enough cash reserves to cover my bills for that 6 month time line, and possibly work a few long hour outages if they pop up local.I do not want to get a mortgage on it.

It needed light rehab and within 3 mths I was able to refinance it into a traditional mortgage.