Rental income is about 4800/monthly....David,If I'm understanding you correctly, a DSCR loan could be a fantastic and elegant solution for this creative financing situation.

Do you maintain the correct types of insurance and adequate amounts of  insurance? 

Buy quality home or property maintain it correctly treat your tenants by the laws of the jurisdiction and have decent insurance..

This is correct, a lot of the FHA guidelines have changed in the last year making ADU financing a lot more acceptable and easier.

For the pre-foreclosure properties, the realtor said it took a lot of time to deal with the owner with a big uncertainties so they can't help with those properties either.Please give me some advise on how to use foreclosure.com to find deals correctly.

So, if I choose to get paid a certain way, not by a commission, I could most likely do it, correct? 

If I read this correctly, anyone that said no is only looking at "what if" scenarios.

But my question is if this is correct, what should I put the sq ft of the house when I put it out for rental?

For bookkeeping purposes for our clients, we usually do an 80 (building) / 20 (land) split until we have the correct figures from the county records (it takes some time for those to post sometimes).

Asking in the correct forum will get a better response.Need a spreadsheet or form?