How does that work with a lender?

Hi Evan, were you able to get a preapproval letter from your lender?

He explains enough that its compelling, creating flexible pricing strategy to drive your calendar to maximum revenue and occupancy BOTH at the same time (which some say is impossible, but it is possible) I know of Rob too but yes compared to Sean he is a beginner.

I'm also charging less than Rentometer suggests I should.There are a few equally nice units a few blocks away that charge comparable rent.

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!

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.

I am searching for a lender that will provide a HELOC in the 1st lien position on 3 rental properties I own. 

I've also been looking at townhomes but I'm not as familiar with how they compare with a SFH in terms of appreciation and rental rates (definitely a weak spot in my education).