The person you spoke with may be referencing earnest money deposit (buyer showing the seller they have skin in the game; this can be refundable or non refundable).Some lenders require an application fee (junk fee) and those lenders typically are more expensive to begin with.

If you just want 20yr 2MM non convertible term its price shopping except prices may change depending on how automated the carrier is and if a paramedical exam is required.  

I also discovered the (linked right there on the Chancery Court's website, duh) the TN Rules of Civil Procedure, and realized that the proofs of service can be submitted individually as received, so I actually could have gone ahead against the other 4 without the 5th defendant being served. 

I would love to connect with like minded individuals who've invested in rental properties and started off with a buy and hold strategy.  

Lenders typically require a DSCR of at least 1.2 to 1.25, which means the property's NOI must be at least 120-125% of the annual loan payments.this would be a boost to the investing time

In order to create rental revenue that can cover living expenses and provide positive cash flow, it entails buying a single-family home and renting out the individual rooms.

If we did split it four ways it would be over an acre per slice and it does seem to meet all the requirements (such as minimum lot width and road frontage etc.) for its current zoning as a four parcel set up.  

Something to note, if you pay cash for the house and later require access to those funds, utilizing a HELOC (Home Equity Line of Credit) allows you to retrieve that money.Secondly, the right approach for investing depends on several factors.

DSCR lenders will run personal credit (which, along with LTV and DSCR, is among the three biggest factors determining your rate and terms) and typically require three to six months of PITIA “reserves” in liquid assets.

And yes, the Buyer Agency Agreement requirement is troubling.