Tenants that agree to high rents usually have baggage as the better tenants want a deal or at least mid-market rents.

Any insight or suggestions...Requested commercial loan to refi 5 SFR(50K each)..small 15K private on each, seasoned in Business Name, 60-65LTV,5.75 20yr amortize..All cash flowing with tenants..credit mid 600's(4 properties on personal), wanted funds to reinvest in RE, pay company truck offBank..need higher score,reserves, > leverage, < liquidity, global jargon, below break-even ..blah, blah, blah...will consider with guarantor(high score, income)...also counted all residential debt against me except personal residence(3 properties in both spouse and I)Unlimited Property..established 2005 single member LLC, proven record, over 20 SFR, more than half free and clear, reinvesting with reserves while prices low >20% returns instead of leaving funds in the bank for 2%, full time investor(no high paying w-2)..#1-reason I requested the loan(restructure debt/reinvest in RE...If I had 50K reserve, I wouldn't need a bank loan#2 It's a secured loan...1.What point can the LLC stand on it's own?

I am in negotiations with owners of an 18 unit building built in the mid 1970s that they have fixed up a lot (new roof, new cabinets, new windows, new flooring).

Sorry for the late response, I work evenings so I tend to sleep until mid afternoon or so.

Just ask all the condo flippers that invested in FL, Vegas, etc in the mid 2000's and got their *** handed to them.

The 50% rule is intended for the norm, mid range properties.

My strategy here is a mid to long term appreciation holding the property as a rental.Are there specific rules I need to adhere too when structuring a seller financed deal in the state of CA?

I'm debating about what type of countertop to put in a mid-range rental (Oak Park, MI).

I've probably run a total of at least 40-50 credit applications (to rent out several units), and the highest FICO scores I've seen are in the mid 600s, and everyone has at least one collection on their record.This certainly makes sense - if they made a lot of money and had good credit, they wouldn't be living in these neighborhoods.I often end up overlooking mediocre credit, as long as the applicant has no past evictions.

@Marcia Maynard Part of research is trying to determine which property management segment (high, low, or mid tier) would be interested in using this service.