Best bet is to partner with an experienced loan broker who can shop all the best DSCR lenders for you and get the best rates. 

If you are gonna hold it then I would stick with the 5 year as I am not betting on rates going down far enough to make it worthwhile on refinancing.

They put the water utility in their name, as I required, but it seems like they don't think they have to pay the bill. 

.- LLC Question: For taxes, it doesn’t matter if you buy under your name or an LLC—income and depreciation still flow to you.

This would require taking title in your name but that's ok as long as you operate your real estate business diligently.

There are some loan products that are only offered to borrowers who take title in their name but many loan products are available for properties titled to an LLC.

Because of that, many people simply hold their California rentals in their personal name with strong insurance to avoid the extra costs, since the income and depreciation still pass through to their personal return anyway.Texas is much simpler because there’s no state income tax, which makes short-term rentals easier to manage there.

Your best bet would be to check MLS-listed deals on marketplaces like Zillow or Redfin.

Start with "town name" + "GIS server" search.

The payoff on speculative bets have worse odds but larger potential gains.