One of the key benefits of a DSCR loan is that it allows you to qualify based on the rental income the property is expected to generate, making it ideal for those with multiple properties or who may not have a strong personal financial profile or W2.

@Michael Anderson If the property had been sold, it would make sense to formally assign the lease and deposit to the new owner and memorialize an agreement to collect and adjust rents after settlement, indemnify the other party for things arising during their respective ownership periods, etc. 

Understanding the market trends, neighborhoods, and property values will greatly benefit you in making informed decisions.

You can dig into cash flow projections, tax benefits, ROI calculations, etc.

Also, knowing the tech terms for a project benefits u bc guys will know you know SOMETHING about what is involved. 

It will familiarize you with the basic terminology and benefits.

This will be the way to get them adjusted to assets that they will take over like I did from my dad.I look at multis and mixed-use to buy for my son to house hack, but NJ is crazy on pricing.

I'd love to hear from a turnkey operator here about the benefits.

My current rate is on an adjustable at 9.5% ...Ouch.

For this similar price. 2 bedrooms under $300k : rent a room, Reno the condo, increase value and let it ride while paying down the loan , taking tax benefits and growing equity.