There are closing costs, loan origination fees and Homeowner's Insurance to add into the number, You will get better detail from whomever is lending the money.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

Does your chances of securing a loan get affected if you already have investment properties before a home loan or vice-versa?

Does the IRS care about the type of loan I'm using?

I had planned to take out loans in a cashout loan but rates accelerated too fast in 2022 and I never got that chance.But now that everyone is talking rate cuts I’m kinda thinking I take the deal and hope I can refinance these 2 properties at 5% interest (or less) sometime before 2028?

They are also going to charge you something like 3-5% loan origination fee.

Tell them your purchase price, work that needs to be done, and ARV as you're vetting them.Documents Needed for a Hard Money Loan might include:LLC DocumentsYour Credit ReportCompany Bank InformationYour IDSigned Purchase ContractRehab Budget Track Record of SuccessEvery hard money lender has different requirements, so some of these may vary.

How many years is the loan for and at what % interest?

Do they go back to the loan balance?