So just make an estimate based on what you see on the property while viewing from the outside and know that the inside is always worse.

Hello everyone, I am looking for a lender to provide a second lien on multiple single family rentals, but which is not based on personal income.

Based on reading recent insights from Start Packing Up and Jax Daily Record, there are indicators from January of this year that Jax's real estate market has been going through ups and downs.

Profile:Investor owned LLC -LLC owns 5-6 properties-Investor normally takes every legal write possible so LLC DTI is high-LLC normally has an annual paper loss wInvestor Personally- Investor owns 2-3 properties not in the LLC-Equity in property 1 is over 70% and equity in others are around 50%-Investors personal DTI is around 15-18%Based on what you see above, the investor would like to tap into the equity in one of the above personal properties. 

One thing I didn't see on your spreadsheet is water resistance vs water proof.

The Niagara Stealth advertises it's ultra-high efficiency @ 0.8gal/flush.I pay for the water in my rental units, so I was looking for something that's going to cut my costs on water, but also doesn't clog and need constant repairs.What do you guys think?

Two furnaces, two hot water tanks, etc. if it’s your first property, I personally think taking an “easy” property would be a good way to get your feet wet in the investment world as a trial.

@Seena NassiriI'm based in the Bay Area with a lot of clients that own rental properties out-of-state so I think I can answer this question with creditability. 

For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker

I can see why some lenders wouldn't like it since it would cut them out of a deal, but I would guess this is a very niche market based on downpayment size to make up the difference.