Based on a 760+ FICO and 3 year PPP, mid 7s on a 30 or 40 year I/O product, low 7s on non-I/O.

Based on suggestions in the forum we googled local community banks in south florida and both that we spoke to seemed very open to the idea of buying in a personal name and then quit claiming the property into an LLC.  

For example, we (myself included), have a pretty strong base of flippers looking for deals they can buy, renovate, and resell. 

Commonly, these proceeds are used for further real estate investment or costs related to the borrower’s real estate business and strictly can‘t be used for personal uses, such as paying off personal credit cards or any nonbusiness expense.DSCR loans are “primarily based on the property,” meaning that the lender evaluates and qualifies the deal mostly but not completely based on the property’s investment potential.

What you get the money for from your lender based off your qualifications like credit and loan to value ratio, with no cost would be called "par" rate... and from there, you can either buy down to get a lower rate, or you can take a higher rate to get a credit applied to the cost of your loan by the lender.A par rate is simply the rate that you get without having to buy the rate down while also getting no lender credit.

Running humidifiers inside or water leaks are very often the cause. 

You can boost your ADR by optimizing listing details, adjusting pricing based on market data, improving property appeal, and leveraging positive reviews.

There are so many strategies based on risk preference, family expenses, etc. 

There’s major renovations that would need to happen over time like new kitchen remodels in a few of the units as well as maybe replace one of the hot water units and one of the boilers.

Not sure whether you ultimately invested here and know nothing about Simm Capital but based on what you shared the first question you should be asking Simm Capital is where do the 10% dividends derive from?