If it's a fix and flip SFR or Multi Family, then the DSCR won't ever work, so you'll be relying on the global cash flow of the investors to support the payment, in which case you have to have a good case for that via personal cash flow of the investors, liquidity and/or additional assets to pledge as an abundance of caution.To the question about the LLC's financials on a new entity, for real estate it's a non issue as the asset is what is generating the cash flow to pay back the loan not a new 'business' in the traditional sense.

In regards to your comment on quality of life in the rental, it is a pretty cool house walking distance to Ferndale, MI with lots of bars and a younger crowd.

We're also looking into investing in Oil company consolidation & acquisition opportunities with a gentleman who's putting a 50m dollar acquisition biz in Canada and the USA, We also plan to continue sitting on a fair amount of cash until we know a little bit more about where the economy is going.I'm seeing a bit of a cooling off period for residential RE in my farm.

We might be about to cool off (it would not shock me) but anyone who says the last 4 years have been flat or declining, well I would avoid them. 

This is also the "rate" you get while you are saving for your down payment.Mortgage requires 25% down, 20 year note, 8.47% interest (avg for last 30 years)Goal is $100/door cash flow to start so CAP rate is 10.2%S&P 500 Compounded Annual Growth Rate is 11.4% (avg for last 30 years) and you don't pay any fees.You get a 75% match of your savings in the 401(k)All rental cash flow is plowed back into the business (just like reinvesting the dividends/gains received in the 401(k)) to make this an apples-to-apples comparison.After 10 years:The 401(k) would supply you with $843 of monthly incomeRentals only give you $371 of monthly incomeAfter 20 years:The 401(k) would supply you with $3,886 of monthly incomeRentals supply you with $4,209 of monthly incomeAfter 30 years:The 401(k) would supply you with $13,963 of monthly incomeRentals supply you with $34,426 of monthly incomeWhat's really cool is the Net Worth of the investor.

Very cool.

Thought it'd be cool to acquire some properties down near Augusta National.

Robert McDonnell , Cool topic!

They say business is for liquidity and real estate is for long term wealth building.

If I gave you 10 million dollars in liquid cash today, what would you do with it?