I can't tell you how much, nor can anyone else because that is something you have to figure out based on your own situation.I will recommend though spending as little money as you possibly can though to start, as long as the properties cover their expenses and cash flow the minimum amount you need.

Those first few properties, everything you need to do (turnkey or light rehab) will all be on Youtube University if you aren't sure how to install floors, paint, fixtures, etc.

You can build more equity into the property by paying down the principle of the loan with rental income but the LTV is based off how much you put down when you purchase a home and or how much your loan balance is out of the entire asset value, hence loan to value.

What will they want out of the deal based on that motivation? 

Based on our average rental rate across our portfolio, the 8% monthly fee comes out to less than $5 a day. 

I contacted Lima one, and the same day i was issued a generic pre approval based on a bank balance and credit score alone for over $1MM, unfortunately they are not lending in IL so I will keep that option open when we are looking in other states.

I would definitely install a smart thermostat asap!

I am an investor focused mortgage agent based in Hamilton Ontario.

I am investor based in the Atlanta area feel free to reach out and connect.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.