However, time in the market makes all the difference in the world!

Florida and Texas are no different, other than slight difference in lease rates.

Commercial property valuations though are subjective AND 10 different groups can look at the deal and all come up with completely different valuations depending on how they are evaluating the property.

That is what I did to start investing and buy my first rental unit if you have any questions on different strategies or want to go over your thought process let me know I would be happy to answer any questions for you. 

Everyone will have their own style, or rather a combination of different tools.

If I hadn’t of quit I’d likely be worth about $20M today given the way my local market went during the intervening years and the different opportunities I had.

I'm probably 10 different shades of wrong.

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Do you pay 2 different mortgages with either one?

The difference was my former employer understood the actual steps associated with asset protection (more on this below in #4)3.