This concerns me when you state it is cash neutral because if your underwriting is like most newer RE investors it would mean you are cash negative.  

If they had moved out without paying, what would you be doing?

@Cole HarrisKeep in mind that square footage has a lot to do with pricing as much as bedroom count and/or revenue. 

Lenders will want to see the filed Articles of Organization, an Operating Agreement that you can get from your attorney or, if you're brave and it's just you on the LLC, some people use Legal Zoom or Law Depot.

@Leo Maldonado Let us know how it goes.  

I’m sure your community has some sort of real estate networking platform.

If your company does these loans, or if you know of anyone who can do these loans please reach out!

Quote from @Lee Banks: Hi my name is Lee I'm looking too buy my first rental property and but I feel as if I need a mentor to watch, I still need to learn the basics of real-estate does anyone in New York do programs or mentorships and where would you start if you first started real-estate today  Hello Lee,I'd recommend looking up local meetups here on BP, meetup.com and, eventbrite.You can also call around to speak with RE investors and professionals in your target market to begin making connections.With so much available information online, I'd recommend speaking to a few people and doing independent research before committing to mentorships.

Good luck in your search and decision, I'm sure it will be a good one!

Also, can you calculate your cap rate to get an idea of your rate of return.