Credit (both score and trades) will be factors with DSCRs, as will experience and whether you own a primary.

It’s more like a trade name and DBA for me, and a way to manage my financials.And to answer your question, the landlord is the OWNER of the property.

There is a component of doing a cash-out refinance, but it seems the thought would just be trading one loan for another in that case for an extra ~$5k of leverage. 

There are a few tricks of the trade you need when you get specialized like that.

I was not sure if he left trading and wanted to be a landlord full-time.   

If this is a bigger job involving multiple trades, then this could be more challenging to move on from. 

Hi, I am closing on my first property and would like to connect with local lenders, property managers, handymen/trades, and other investors.

It will help keep you organized, streamline your communications about the repair both to the tenant and to whatever trade person you use to do the work and make your bookkeeping related to the repair easy.

It’s seen in every industry in every trade unfortunately.  

STRENGTHS-  strong affordable housing market-  cool city with a great feel-  nicely mixed neighborhoods with properties in need of repair next to nice homes-  large university, robust medical community-  decent rents overall, currently trading at 8-10% cap rates-  Micron promises growthWEAKNESSES-  Micron hype is making people spend way too much on properties-  pesky code compliance inspections here too-  student housing area is incredibly compact and difficult to get in to-  difficult to predict if a property will benefit from renovation or not-  contractors are overwhelmed, difficult to get estimatesSummary: Syracuse is experiencing a lot of change right now, in a good way.