This is our first time using a DSCR and I’m not aware of any local banks that do them.

At some point people realize they can't borrow their way out of debt, they need alternatives, this is an alternative that doesn't need banks and large bank fees.

You will likely need your own system to capture the rental information along with costs that you pay for separately(Utilities, bank fees, interest, taxes, insurance, etc)If you have one property, I would prolly just use excel, especially if you have a PM company managing the property.

I use baselane for the banking and APY on checking as well. 

The investor buyer is purchasing the property from the Detroit Land Bank Authority (DLBA).As part of the closing, DLBA is requiring that the lender execute the attached Subordination Agreement.I don't love everything I'm reading, but I'm curious to see if others have gone through this.How did you assess the risk to the lender in this situation?

I don't know what happened to Frost Bank. 

I do typically recommend individual bank accounts for each cell but I see some variance on this and you can sometimes forego individual bank accounts in favor of just a single bank account in the series LLC as long as you have strong bookkeeping that meticulously separates income, expenses, etc. of each cell (e.g. by using a classing or similar bookkeeping system).It is important to note, however, that TN has a franchise tax that requires careful structuring to avoid by ensuring that the entity structure qualifies for the FONCE (Family-Owned Non-Corporate Entities) exemption.

Simply put: we don't trust banks.

That requires:High liquidityA lender comfortable with short-term paperA very clear exit timelineMost small banks will only do this if they know exactly when and how they’re getting taken out.2.

I’ve been having more conversations lately about how investors are adjusting their financing strategies with banks tightening up, rates moving around, and deals needing to close faster than ever.One thing I’m seeing: more investors leaning heavily on private money and asset-based lending, especially for fix-and-flip and short-term bridge needs.Curious how others here are approaching it:Are you using private lenders more often than traditional banks right now?