I am trying to develop a long-term default financing strategy to fall back on before making my first investment, and would be thankful for any feedback which could be given for the one described below. 

How did you finance this deal?

If your finances and credit are in good standing, it sounds like conventional would likely be the best way to go, if it’s your first rental property.

It's also unlikely you'd get financing and, isn't taking debt on a depreciating assets one of the big no-nos?

Kareena, that's the marketing number, you really need to get the T12 proforma from them and check their underwriting, what's the NOI every year, their financing, their DSCR, their waterfall, their acquisition fee and their sensitivity analysis to interest rate changes.

I'm on a continuous journey to expand my knowledge in this field and am keen on leveraging my background in finance and real estate investment to contribute to mutual growth.

By selling all units to us, he didnt need to do that, and because he's financing he will earn money over 5 years like he hoped.

Or if you just don’t want a job ever you’ll need to find seller financed properties and use your $50,000 as reserves or for light rehabs until you can roll them into DSCR loans eventually and get some cash back out through refinancing them to do the next deal because eventually the $50,000 is going to not be enough.

We financed the purchase through a local and trusted HML and partner, now friend and business associate, Mike, funded the bulk of the rehab.

I am familiar with delayed financing, but would like to pull more than 80% of purchase price out if possible. • Property is located in San Antonio Texas. • Purchased for $120k.