I heard they stopped lending during covid potentially so you'd have to check back in with them to see if they've reopened up.If your DSCR for debt service coverage ratio is stabilized you might be able to get up to 75-80% cash out.Best of

We provided them a reduced rate which equated to a nominal debt of $500.

For example, borrowers can qualify for a reduced interest rate with a credit score as low as 620 and a debt-to-income ratio as high as 65%.The FHFA estimates that qualifying homeowners could save between $1,200 and $3,000 a year — or an average of $100 to $250 each month.Who can apply?

The rehab only increased the value, where value is not a function of NOI on residential properties, but a function of price per sq. ft. comparable sales, or “comps”.Debt service coverage ratio (DSCR) is a function of annual NOI and principal & interest (P&I), and is calculated as NOI / P&I.

How much income will it generate, and if you're living there will that be enough to cover debt service and still leave you with a cushion?

Use it as additional collateral or a debt parking spot.

A friend of mine and fellow investor has a debt free portfolio and his peace of mind when Covid & the shut downs happened was 100x anyone else who wasn’t sure if the market was going to crash or what.

If your BAH is $1285 and you have no auto or credit card debt you about $160000.

My thoughts are that I have purchased the tenant debt along with the property ownership, since I’m honoring their leases.

A better way to look at debt is to measure your overall leverage.