(Source)*Google Office Building in Reston*Source: Global Tech Cities: Washington, D.C.Source: The Changing Face of the Dulles CorridorSource: Tech Cities: The Global Intersection of Talent and Real EstateBXP had plans approved in 2018 to build Reston Next, a 4.4 million square feet mixed-use development, and one of the first big developments to go up around the new Reston Town Center Metro.

You can also fill out an application, submit your documents (income, assets, etc), and get pre-approved. 

We were looking to finance this through a DSCR loan and just found out that most DSCR lenders create a bit of problem to approve DSCR loans to log cabins.

THIS is why I love govt programs, I would get 650 MAX, This is for a 1 br in my 7 unit, Ok, based on the rent reasonable the most we can approve is $909.Do you accept this as the full contract rent amount?

@Kyle Rucker- thanks ....you will have a tough time locating a 2nd loan for  180K +  ....Ask the realtor you are working with for options ...Make sure that the lender holding the FHA loan will be able to approve your assumption  request  ( this can be a long drawn out step ) .....if you do find a 2nd mtg - compare the fha loan and 2nd mtg  to a  simple new FHA or conventional loan as there may not be a large difference 

Friday, Feb. 14, 2025 Caveats/Considerations before applying:Time involved: These projects have long lead times between review, approval, and reimbursement.

How much time will it take you to get permits and everything approved, then what if you come across work you didn't expect?

Mobile home parks can provide consistent income, and if you manage it well, they could become a significant source of cash flow.

The city approved rental license inspector essentially just tested to make sure there was access to hot water, access to heat, no unsafe conditions like exposed electric wiring, CO/smoke detectors present/functional, fire extinguishers present/not expired, etc.

@Brady Herbaugh- thanks ...a house hack where you live in the property you buy is the best step to take for your 1st investment...make sure you get pre approved  for a loan before you begin to search for a property