Please explain.

@Francois D. when I started investing I had the same opinion, but then my banker explained to me that with 30 year loans my DTI is lower and I can get approved for more in the future.

Could you explain this more?

'You need to set up entities to protect you from lawsuit liability' is the general advice.In my area, liability insurance cost $22 per year for 300k Somebody needs to explain me, what can happen, which is due to my negligence and cost more than 300k?

If there is one bad item, we will typically ask the tenant to explain.

Assignment contract stating that you are assigning your rights of the purchase agreement to your buyer for an assignment fee.Its up to you whether you want to explain the process of what wholesaling is to a seller.

Good day,When you say you have a few lates, banks should still work with you, but you will pay a higher cost for the loan and/or need more down.What it sounds like is that your Debt to Income is high and that is the issue.Refinancing the multifamily that you are going to rent can use the rental contracts for the income, but you usually get 75% of the actual lease value.Once you have contracts you can probably cash out refi to get money for a down on your next place.Once you have that maybe flip the next instead of holding it to get more seed cash for your next hold.HML lenders that I have worked with usually want a short term exit strategy, but I know there is a great podcast that should explain HML better.As with any of this, just make sure that your real estate investing fundamentals are all correct.Hope this helps.

In a written letter I also explained that as long as we restore them to operational condition, whether we repaired them or replaced them should be irrelevant to her.

Hi Katie,My recommendation would be to call all of the local banks and explain your situation to them.

Explain your situation and your longterm goals, and see if they would be interested in offering you a debt consolidation loan, and what sort of criteria they would want you to meet before they would consider another investment mortgage.