- 7 MIN
How to Read a Texas Rent Roll Before You Buy a 5-10 Unit Building
A line-by-line way to check a seller rent roll on a 5- to 10-unit Texas building: leases, deposits, concessions, vacancies and tying rents to bank deposits.
Read the guide - 8 MIN
Normalizing a T-12 for a Texas 5-10 Unit Apartment Loan
How underwriters adjust a seller T-12 on a 5- to 10-unit Texas building: vacancy, management, reserves, today's taxes and insurance, and one-time items.
Read the guide - 7 MIN
Texas Property Taxes on a 5-10 Unit Apartment Building
How Texas property taxes work on a 5- to 10-unit rental: appraisal districts, overlapping taxing units, reappraisal after a sale, protests and DSCR impact.
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Master-Metered Utilities and DSCR on Texas Small Apartment Buildings
How owner-paid water and power affect DSCR on a Texas 5- to 10-unit building, how submetering and allocation work, and what lenders want documented.
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Texas Property Code Chapter 92: A Buyer's Checklist for 5-10 Unit Buildings
A buyer checklist for Texas Property Code Chapter 92 on a 5- to 10-unit purchase: security devices, smoke alarms, repair duties and deposit transfers.
Read the guide - 8 MIN
DSCR Math, Worked Example: A Texas 8-Unit Apartment Building
Step-by-step DSCR math on a hypothetical Texas 8-unit building: gross-rent coverage, NOI coverage, a tax reset after sale and how to find a workable loan size.
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Guides · written for 5-10 unit Texas buildings
Texas Small Apartment Financing Guides
TL;DR: Six practical guides for financing a 5- to 10-unit Texas building: how to check a rent roll, how underwriters normalize a T-12, what Texas property taxes do to coverage, how master-metered utilities count, the Chapter 92 landlord checklist and a full DSCR worked example on an 8-unit building.
Looking at a 5- to 10-unit building in Texas?
Send the address, unit count and rent roll. We stress-test the operating statement with realistic Texas taxes and insurance, then shop the wholesale programs that take your unit count.