The house I closed there in December (at 8.5%) ended up with DSCR of 1.3The other alternative is most of the money for the down payment is in MSFT and GOOG so I could leave it in the stock market.

After that you use the attorney to close on the loan and the fees are charged to the borrower. 

do you have down payment + closing costs + rent ready costs + reserves + savings + emergency fund? 

." - Understand risk mitigation through insurances - Understand how building a rental portfolio under an LLC changes the debt options you use when closing deals. 

@Jaci Sattler when you cashflow will depend on the Property Class you target and how INTENSE & patient you are in looking for an acquisition.Many new investors think they have to pay close to market price for a rental.

The other things you choose to pay for, inspector, termite inspection etc those are your choice...and you can just skip them and close eliminating the concern about option money.

We immediately go to our broker as soon as we are getting close to an LOI. 

My wife and I have one rental property and we are about to close on our first flip.

These two are close to both hospitals and after doing a little research the demand seems to be solid. 

Most of the time, you won't need proof of assets (bank statements) on a refinance because they won't be coming to closing with any money but if you want to be extra safe, you could ask them for their two most recent bank statements upfront.