Looking for an advise.

[Diwas Sherchan]

I have been looking to invest on a second property using my equity of my current house but I cannot close the deal because of all the competitive cash offers.
one of my neighbors house is about to go on a market next month. What would be the best way to close the deal and I know they will get a lots of offers. 
couple of months ago I got a pre approved loan for $100k DSCR loan with LTV 75%.
one option i was thinking was to convert my current house into two units and rent both of them. Buy my Neighbour house as a primary resident. can I still use DSCR loan as a down payment and all the other cost? Do I need to show DTI for my new primary house? Do I need to show my tax for 2 years since I'm small business owner? I'm curious if anyone has some creative idea? Thank you all and love to hear your advise.

[Alex Breshears]

Please check out Flynn Family Lending. They are a private lender in your area. They can do some cross collaterization of properties you already own (assuming there is some equity buffer in there, and the funds are going for a business purpose, like buying investment property).  They have some interesting ways to get the deal done, just they are going to be very limited if you are trying to buy the new place as a primary residence. Owner occupied property is regulated by the Federal government, so a lot of licensing and regulation, plus disclosures have to happen. If on the other hand this will be 100% a non-owner occupied property, that is then controlled at the state level, and it is a very different set of laws. Tell them I sent you and they will take care of you. I don't get anything out of it, but they know me really well!