Minimum loan amount is $250k.

While you work on that, you could also explore creative financing options like DSCR loans or partnerships to fast-track your first STR.

They finally get back to me after the close date to say they need more time because they are try to cross collateralize their other properties to make this deal happen and the bank they were using doesn't do this kind of loan. 

Gradually scale by researching high-growth markets, partnering with experienced investors, and exploring financing options like SBA loans.

What is the minimum amount of profitability acceptable at a $60 million loan volume4.

That translates into $208 to $375 per month on a $100,000 loan.

If you pay down $100K in loan saving you $1K in monthly costs against rental income, or you invest that $100K in something that generates $1K in net income the result is similar.

I do not have any loans through Flagstar Bank, but I would talk to them prior to moving it into the LLC.

To achieve this, I’m planning to scale rapidly by performing a couple of syndications to acquire a larger portfolio.I currently have a portfolio of 17 properties, but to justify labor costs and create a sustainable structure, I need to expand quickly.

I've tried the lower 6-7% PMs and usually you'll either pay mark ups on repairs (what you've noted) or pay extra fees (i.e. labor hours, extra calls) that you may or may not notice.