Quote from @Bob E.: Cleveland is an OK market but we have had better luck in other markets.  

Purchase price: $38,000 Cash invested: $37,500BRRRR Long term holdAddress: 129 E Woodland Drive, Montgomery, AL 36105Purchased Specs: 3 Bedroom 2 BathroomAfter Rehab Specs: 4 Bedroom 2 BathroomPurchase Price: $38,000 Rehab Cost: $37,500ARV:115k@Jordan Wolff Great numbers!

Most traditional banks won’t move quickly or at all unless you're already an established, well-capitalized borrower with strong financials.We just received a term sheet from a small commercial lender, and here are a few key terms that illustrate what it takes to secure this type of facility:Minimum Tangible Net Worth: $2 millionRequired Liquidity: $400,000DSCR Covenant: 1.75x maintained at all timesInterest Rate: 1-month SOFR + 3.75%, with a floor of 7.5%Origination Fee: 1% of the line amount (in this case $200,000 on $20MM)Unused Line Fee: 1% annuallyExpense Deposit: $50,000 upfront, just to start diligenceAdvance Rates: Only up to 75% on performing notes with strict LTV guidelines (max 50% loan-to-value from the bank’s perspective)Banks want full transparency on the collateral, borrower, and servicing structure.

That being said, obviously I have liquid funds of $10-$20k because property taxes and insurance are bunched pretty close together.

Use IRS Schedule E for tax filing.

I have multiple flips for sale and hacc bc e been aggressively pitched by listing agents.

well not sure on that but its a long time since you bought it inspectors many times have E and O. houses with crawl space your inspector should like they all do..

This will be one of the first questions a bank or agency lender will ask.Would something like this in ATL interest you: 1247 Joseph E.

I've heard pretty bad things about 2nd Nat**e.

Code § 55.1-1204(E), states that a landlord can only charge a late fee if it's clearly outlined in the written rental agreement.