I would reach out to lenders and get prequalified, then begin your property search. 

Banks are like that maybe that’s the max loan they can do for their DSCR requirements which are typically much higher, that’s why there are DSCR lenders!

AS HML sizes grew so large and private investors were funding them it was hard to get one lender to put in 500k but easy to find 10 that would do 50k each.The fractional space has come a long way and a Good Broker is needed to place these for you.Good Broker good first positions are  a pretty safe bet..

Does anyone have any suggestions for lenders that offer a cash out refinance at an LTV of 80%, with 6 months or less for the seasoning period, and service Alabama? 

@Ashton Jantz our thoughts:1) If your properties are only worth $50k, no big lenders will touch them.

Hi Erik, My first recommendation to look at DSCR loans through hard money or private money lenders. 

Of the buyer's lender may have an issue with it and may refuse to lend on it due to the additional liability to them, etc. * Appraisal/Value - When I am doing an appraisal I am generally assuming everything is legally permitted, as long as it generally matches public records.

Quote from @Chris Seveney: @Bernie BurkeIf you invest in a syndication make sure to get updated reviews - whether here on BP, or in other investment clubs, a lot of the buried bodies are making their way to the surface.  

It happens.Recommend doing a thorough review of the area for actual tenant potential. - Build a profile of available tenant pool to be sure you understand their expected performance. - You don't want to rehab your property to Class A standards, but only have Class B & C tenants to choose from:(- How many rentals are in the area, where do the tenants come from?

Although I’d like to do a large dscr loan and get 4 to 5 three and four bedroom units, I’m likely goin to start with just one quality property in order to establish proof of concept to present to future down payment partners or private money lenders.