@Theresa Rivard Typically, to qualify as a guarantor for a DSCR loan you will need to own at least 20% of the borrowing entity on title.

Builders, house flippers, brokers, etc.Unfortunately, banking and finance services and certain architect and engineering services don't qualify.

Typically, this is also refundable should you not get qualified for a loan.

Down payment can be higher than primary, but the good thing is that you won't need that much income to qualify because lenders can you 75% of the market rents for the units of the property.

Or is qualification your main preference 1-4 unit fha conventional loans will qualify off DEBT to INCOME or DTI while commercial portfolio loans will qualify off DSCR or debt coverage service ratio (this assume you’re not going to live there if you’re going to a credit union).So you asked a loaded questioned but I gave you some questions/answers to think about if you could provide more information perhaps more commentary can be added further.

To qualify for material participation, you generally need to meet either the 500-hour or 100-hour rule.

@Jacqueline Wright i have pre qualified for 280k but I don't want to go above 209k

But Banks only fund the very well qualified generally no way a beginner is getting bank financing unless your basically borrowing your own money. 5.

The last 10 -15 years have seen the introduction of many products that have made it much much easier for marginally qualified and even unqualified people to enter the arena as real estate syndicators.  

I sent them a text with an informal notice that if I don't hear back from them about the changes in their arrival plans and don't receive the first months rent by tomorrow I will presume they no longer plan on taking possession of the property at which point I will make a formal legal notice.