New LLC will be buying a property with a commercial loan.

I work in property management so many of the people on my referral list are brokers, mortgage loan officers, and leasing agents. 

- What should the desirable mortgage/rent ratio be for my properties- Should I begin saving up an emergency fund for repairs and maintenance before I actually purchase a property or should I begin doing that once I own a property- Do you think Louisville, KY would be a good location to stick with, or should I look for a new areaThanks in advance for your suggestions!

@Daryl CorreiaWhile 5% down investor loans may be available, the rates will be high as will the monthly payment, resulting in significant monthly losses.Below is a (over simplified) table showing the down payment rate, debt service, taxes (0.55% of the purchase price), and insurance ($700 per year), assuming a monthly rent of $2,200, and a purchase price of $400,000.

Thanks in advance!!

I wanted to understand if those rules are any different for month-to-month.Thank you in advance for any assistance/recommendations!

One of which wants cash reserves of 30k on a 200k loan to get going.

We were able to do a low down payment loan with closing cost assistance.

I don't know if she can do it but I'd check with Lilly at Creative Lending. https://www.creativelending.biz/If that doesn't work you will need a private loan.

Just make sure the lender will allow for x amount of gift funds depending on the loan program you are going with.