Agency loan processing at 5.5% fixed interest rate.

More than anything I want to get the house rented so I can get into a new place and start the process over again always saving for the next 5% down payment. 

Otherwise the process is the same.

I'm very early in the process, I would even consider it simply the learning process.

Background is she’s about 4 months behind in total rent, original lease ended in December, now going month to month because I didn’t want to put her out as she’s a single mother with 3 kids (also didn’t have the bandwidth to go through the eviction process because this property is in another city)I hired a property manager to help and we’ve recouped a bit of money but she’s still about 6500 owed.

You could be asking for life-changing amount of money from your investor so you should be fair and ensure he or she is well educated about the risks and understands the lending process in the state of the loan.Good luck, Marco.

In the process, we did incur expenses for travel to our target city to view properties, inspection fees, and legal fees for setting up our LLC. 

I went through the setup process meticulously like 5 times, and it says everything is fine, support thinks everything is fine, but I don't get any booking.com messages in Hospitable, nor do the automated messages get sent out.It seems like quite the hack/workaround they have set up with booking.com so I'm wondering if it really works reliably at all.

Hey @Mario J PerezAdvantages - Processing time, underwriting conditions, paperwork requirements, not impacting debt-to-income and/or personal credit, can own many and close in entities reducing personal liability (to name a few).Disadvantages - Rates tend to be a tick higher (less and less these days) and fees will be a few thousand more per deal, can be very regional, higher appraisal costs usually (based on the need for a 1007 rent market analysis on every one), can have weird underwriting conditions (lender specific)30,000 foot view at it, but the entity/personal credit side of things make DSCR loans really helpful as you start to scale, and especially if you are doing any personal borrowing for personal homes, cars, etc.Hope that helps!

They earn money in 4 ways doing this - the initial writing of the loan, all the interest that you pay on the loan, then again when you refinance the loan, and then finally when you are paying on that loan that you just refinanced into.