Personally I think this is where a lot of sale lease back programs fail the seller.

Hey Alex, There are foreign national DSCR loan programs available for your scenario: Below are the list of requirements I have found most lenders have : 1.

Many states have a "reciprocal license" program to simplify the process.

Sometimes I have even directed troubled tenants towards assistance programs (such as single moms because there are a lot of programs for them specifically in my area especially).

Many DSCR programs require an investor to have a mortgage history- there are some DSCR mortgage programs that will work with investors who are renting- some refer to them as first time home buyers (FTHBs)- DSCR loans are only for investment properties where the owner isn't living there. 

I have programs that require only 10% down for the purchase, and will finance 100% of the rehab.

It's best to approach 2-3 lenders to compare their rates, terms, and loan programs.

Lender A is $500 cheaper in lender fees because they dont pay for some program or staff who, among other things, doublechecks info inputs and documents for accuracy.

Currently, I self manage using software program that centralizes the majority of information and messaging and pushes to all the platforms that we list the properties on. 

It is extremely hard to find programs for 0 experience simply on the 1-4 unit side of ground up construction.