One concern I have is knowing when and how I should go about refinancing an FHA loan.The reason for an FHA loan is because though I have enough for a down payment I am not ready to commit all of it.

I doubt Cavaozs is on the cut list any time soon if ever. 

So this is a concern I have.Also, I’m unsure of the timing of the sale of my vacant lots and the gap of time in between closing.

My concern is that I might be over leveraging myself if I try pull out a 20% down payment for a DSCR loan.

The the transition was seamless and since I know the tenants already had to pass their screening process, I was not concerned about inheriting these tenants.

Like Greg mentioned, I would be concerned with his/her responsiveness while I was living there. 

When you are small, there really isn't many concerns other than not knowing how to manage the properties properly.

Also, when it comes to these infrastructure items you are concerned about, learn more about the "options".

A loan commitment letter carries more weight as it confirms lender approval, signaling a stronger ability to close.Addressing Closing Concerns: A commitment letter meaningfully reduces concerns, especially when paired with proof of equity and a track record of performance, even if on smaller deals.What Brokers Look For: Key factors are a reputable lender, clear terms in the commitment, and evidence of funds for equity and reserves.

During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.