A DSCR loan could definitely work, especially if the park’s cash flow can cover the debt.

In Cook County, Illinois, single action is for possession.

If they notice you have another house and your debt to income can't cover it.

best wishes  i dont do gap funding at all.. so no.. not something I would do we do JV deals every week but we have zero debt all cash and we control the process. 

With this in mind, if you intend to leverage short-term debt (hard money), it's even more vital that your underwriting is thorough and that you have the correct systems in place to tackle potential issues.

More than likely a blend of my money and other sources.So, I'm assuming "other sources" is equity, not debt.

However, you can get loans that are based on the performance of the rental and not your personal income and debt.

Well, a lot of life happened and now I am getting back to zero no debt and I'll be renting for now and I am considering a duplex to buy cash or maybe land and some sort of unconventional home but still purchasing cash.

I am expecting to do 3-4 deals per year until I get to 20 properties or so and then snowball the debt so they are all paid off by retirement. 

The name (former tenant) looked familiar and sure enough when we looked at the credit report there was the debt from us from 2023. 1.