He can discuss DSCR loans and is CT based.

So If I understand this I would be looking at base rate +4.125 then whatever additional rate the lender is adding on, minus points to buy the rate down? 

Fannie publishes what they charge to price in adjustments based on different loan factors if you google fnma llpa it will come up. 

Maintain your curiosity, keep expanding your knowledge base, and look for networking and learning opportunities.

Looks like they're based in India.

I intend on expanding the bedrooms since that's what the market seems to really like (the more bedrooms the better) based on conversations. 

Our plan is to hold long term (10+ years) and likely pay it off in 5-10 years to act as supplemental retirement income which we plan to get to with a couple more properties paid-off in Tulsa eventually.Would you pull the trigger on these two properties based on our goals?

Purchase price: $104,000 Cash invested: $20,000 Deal Deep Dive: Strategy: Buy and Hold Mid-Term Rental Buy Box: - Within 15 minutes to a major hospital - Within 10 minutes to a Starbucks (LOL)- At least two bedrooms- Light Rehab Only (paint/floors/decor)How I Found the Deal: '- networking with fellow local agents (I am an agent, for context)How I Negotiated the Deal: - Gave the seller what they were asking for to get in contract- Negotiated seller credit based off inspections - Told the agent who brought me the deal that HE could represent ME in the deal, which made it a win-win-win.

The hourly ones have expected completion times based on sqft and bedroom/bath sizes so they really cannot take too much of an advantage, and even if they did we are covered by cleaning fee (all of this has been factored in already).Most hotels staff in house to the point of their lowest occupancy months and bring in contractors at times of higher occupancy, so we are trying to follow this model somewhat.

How I Found the Deal: '- networking with fellow local agents (I am an agent, for context)How I Negotiated the Deal: - Gave the seller what they were asking for to get in contract- Negotiated seller credit based off inspections - Told the agent who brought me the deal that HE could represent ME in the deal, which made it a win-win-win.