@Barrett Hoard - one option would be a bank statement loan, which is a non-qm loan option that derives your income from deposits in your bank account as opposed to your net income on your tax returns.

This property is also in a class A neighborhood where potential tenants are likely to reject the formula-derived approach.

How did you derive market rent price?   

They underwrite your loan based on income/DSCR but the APPRAISED value is always derived from the sales comps approach. 2) When looking at comps for a triplex for example, if there aren't any that sold in the area, can you use a 3 bedroom SFH as a comp?

His earned income is derived from the work he does at one of those facilities.

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.So, as you continue your research and get feedback here on BP, think about what type of program will best suit your needs and be sure to ask questions along that line.

From my experience with older homes in Montana, I would think that a home built in 1953 has some asbestos derivative in it's construction.

Have you considered where your investors will derive their funds?

The best, in my view, are local MLS agreements, or derivatives there of, followed by whatever your conveying lawyer recommends.

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.So, as you continue your research and get feedback here on BP, think about what type of program will best suit your needs and be sure to ask questions along that line.