Hi Adam,Your lender should definitely know the down payment amount much prior to closing.

In my experience, my investors who expect to get in/out of the deal quickly don't look at rate as they'll be in a deal for 2-4 months and the benefit of no up front costs saved by paying no points far outweighs the difference in monthly payment from the higher rate. 

IMO this makes Texas the preferred choice for series LLC, although the (over rated) non publishing of organizational information in Wyoming and Nevada will have others disagree.  

Think of it as a portfolio mortgage and a first mortgage combined in one step to give enough security to have a low/no down payment for the new property. 

They may need to pay their agent out of their own pocket and they may not have the money for that in addition to the down payment (buy-side commish is usually baked into the sales price and paid at closing from funds to the seller, so the buyer can roll it into their loan and finance it rather than paying out of pocket).

Consider the cost of the property, mortgage payments, property taxes, insurance, maintenance, and property management fees (if applicable).

One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊

What has me worried is that since the eviction process is taking so much longer, many are turning to other options such as cash for keys which dont end up on a tenants record.. they end up moving and doing the same thing with the next house/landlord and we continue a perpetual cycle of non paying tenants.

I make a little over 100k a year and have 50k currently ready for a down payment. any insight would be helpful.

I hacked the house a few years ago to help with mortgage payments.