We purchased it off market, as-is, and as it was our personal home, we renovated over time.

Quote from @Brandon Croucier: Hey Bruce,I recommend working with an experienced DSCR Broker who knows the ins and outs of the industry to guide you in to the right product and pricing for you. 

I do have to ask for the annual statement now, but the person who did their books previously automatically sent me.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.

Always prioritize experienced professionals to safeguard your investment.

Ideally you would put only one persons name on the mortgage unless you absolutely had to have both to qualify.  

Apparently, the person I am under contract with was managing the estate of the actual owner who recently died.  

But it sounds like you should also balance your decision on what fits you and your families preference and style since you will be using it personally. 2.

For mobile homes, it often depends on whether the property is considered real estate (attached to land) or personal property (if it’s not).