They are very knowledgeable regarding fund design but mostly act as a high priced facilitator to connect you with securities counsel.

We have an opportunity to pick up a lot and are wondering if it's cheaper to just buy a duplex/4plex that is already built and fix it up instead of building one from scratch with the current  construction costs being so high. 

Lenders typically prefer to offer loans when the property is cash-flowing; if the DSCR is under 1, it might still be possible to get a loan, but expect less favorable terms.Understanding these elements will help you better prepare for securing a DSCR loan, allowing you to leverage your rental properties effectively for further real estate investments. 

This type of real estate comes with high risk and high reward.

he is a teacher at the high school i went to, no one ever suspected he was bringing in so much money!

Rates are high, and have been high for sometime now, but don't let the interest rate steer you away if the numbers make sense on the next property.

My opinion for those that live in a high cost of living market is to continue living / renting in that market and invest in a different market that is affordable and provides both cash-flow and appreciation potential.The reason to stay in the HCOL market is because you will be paid(hopefully) a nice large salary.You can take this salary to then 'easily' invest in other markets.NYC is tenant friendly which can be a con for investors.Furthermore, NYC has appreciated historically.

Whereas, Iowa City isn't growing quite as much, is very saturated with rentals, and people go there for college so potential for high turn over.

Perhaps if the note was newly originated a one-year option might make sense.In essence, the option could serve as a bridge while the note seasons.I agree with your thoughts on introducing a lot of complexity -- hashing out all the details might only make sense for a very high-dollar note.

As well as guest room in the main house.These properties are all personally owned and obviously highly leveraged.