The lender will want someone that has 3 year industry management experience, good credit, good liquidity. 

Credit, LTV and DTI will always play the largest roll.

I have 30k sitting in the bank, 710 credit score, 18% DTI, and the markets I'm looking into now are Hilton Head Island, myrtle Beach, Charleston and Columbia (inland).He also advised that any long distance property manager is going to screw me over and honestly that really took the wind out of my sails hearing that.If anyone has referrals for reliable, productive property managers and realtors in these markets, that would be greatly appreciated!

You can drag and drop some of the tiles and customize the view.Go here for a list of Pro benefits: https://www.biggerpockets.com/membership-typesUpdate your profile so people know who you are and what you offer.

All figures are generated for illustration purposes only and do not reflect actual figures of any of our current/past transactions.Questions:1-If our debt package requires 3 months of prepaid P&I ($15,000), should we increase our Sources & Uses schedule to account for this figure, or do we anticipate the property to perform & simply borrow funds short-term from ourselves or 3rd party credit until operating incomes can pay back the short-term loan?

I don't have any debt at all and have a high credit score but don't have 2 years of consistent work history.

Is anyone having success getting a commercial line of credit in Ohio (NE)?

However, since April last year, the seasoning period for conventional is now 12 months which really counteracts the rate/fee benefits for most BRRRR method investors

A beneficial owner is a person who enjoys the benefits of ownership even though the title to some form of property is in another name.A court can subpoena the name, address, DOB, driver's license/passport or ITIN or Social security number thus exposing your asset protection plan.Twenty three types of entities are exempt from the beneficial ownership information reporting requirements. 

To help you in your real estate journey, consider the following road map:Educate YourselfClarify Your GoalsEvaluate Your FinancesBuild a Solid Credit HistoryChoose Your Real Estate NicheNetwork with Experienced InvestorsCreate a Real Estate Business PlanStart SmallResearch and Understand the MarketStay Informed and AdaptiveConsult ProfessionalsIt is important to keep in mind that accumulating money through real estate is a path that calls for perseverance, patience, and a dedication to education.