This is a more general term used by some insurers to cover all lenders.

So a typical (around here) 1 year lease's fees would generate {.5X + 11(.1x) = 1.6X}  Divide that by 12 and you get an average of 13.33% of X per month as the LTR property management fee.An typical STR fee would be 25%, but there should be more vacancy.

You can make more money over time.

I wouldn't want to take more money out because 1.

Helped many clients in DFW area in last 14 months.

They are a legit lender, but I have found their terms to be average and their guidelines are more restrictive than other options. 

Yes - it is more responsibility & work -  but by having all the control you not only get more experience, but control your own destiny, versus being a rider on the bus as a LP.  

This will help you get familiar with the process of buying and managing with limited risk.

Any help would be appreciated.

Finding the right lender for the BRRRR method is crucial, and I’d love to help you navigate that process.