Building roads and extending utilities comes after a lot of other expensive and time-consuming work.

Using loan proceeds to purchase another primary residence is considered consumer purpose and would not fall within DSCR guidelines.

I  know two others that did and went to prison.. bad actors got into title then just ripped rents never paid ruined the sellers.. you will see this for sure as the bad actors learn all this on U tube.. it happens and it will accelerate now..We do have to remember the banks right under the note is in the section for Events of Default and Alienation of title is one.. so any transfer to new buyer or trust or anything like that is a violation and it gives the lender the right to accelerate the note but its NOT obligated to do so.

In the past we've always relied on agents, but this is time consuming and it always feels like we're being a bother when asking.

(It is juts that he is old and wont do this forever and I am being proactive in planning for the future.

Borrower has to come with terms that the loan qualified with at the date closed (down payment of 3.5 for FHA and you keep the PMI forever). 

New Jersey is very tenant friendly, the eviction process takes forever.

.: @James WiseI think part of the issue is that, per 2016 Brandon Turner, every property cash flows $250 a month forever, and so there's no such thing as a $5K turnover I've had rental properties for 14 years and never even had a $1000 turnover You've got rentals going 14 years that you've never replaced the flooring?

I plan to hold it forever, letting tenants pay down the whole mortgage.

This negative position can consume years of cash flow to recover.