. $40,732 mins expenses..At a PP of $1.25M with 30% down ($375k) you'll be short of a 10% COC return..Also 7.2% seems like a very strong rate on a 10plex.

My potential partner and I have agreed to split everything 50/50 and I was thinking of holding all holding/cash to close funds in escrow and run it through my LLC, but would be interested to hear how any of you structured it in a way that protected yourself in the event that one partner turns out to be problematic. 

You can still easily achieve rates in the low 7s depending on LTV for a DSCR cash out refi.

I would consider Pelham a better area than the ones mentioned above, but the acquisition cost will be much more and the CAP Rate will be less. 

Would like to know more about DSCR Loan funding.

The way I got around it was I used my own funds upfront from my 401k then borrowed the money from a family friend after closing. 

Failure to act on the said request and if the landlord will not provide funds for such repayment, one of the remedies provided to the tenant is to legally end the lease early.

Rates range from 8.75-9.2% but I know you'd need more information.  

That is a 0.1% success rate.

It’s a heavy tourism area with year round demand and tight restrictions on STRs that keep room rates high.