We gross in between $2,500 - $3,000/month on that unit.

Quote from @Geritt Shipley: Hello, I've got a single family home in Portland, OR and the tenants began hearing rats in the attic about a month ago.

Looking to make $450 a month in cash flow.What made you interested in investing in this type of deal?

On a DSCR loan you could do 80% LTV, however the property needs 12 months STR history or you need to show you own at least 1 STR in the past 12 months. 

Great product but can be pricey monthly

You'll have to ditch the seller financing and have skin in the game.Freddie also requires that borrowers meet minimum financial strength requirements (IE - liquid assets equal to 9 month's P&I [bare minimum], net worth greater than or equal to loan amount [bare minimum], FICO>=680). 

I even kept the cash flow number conservative and the math still works, $1K/month on a $400K property is good but not a home run by any means. 

Trust you can make it next month!

Get ready for a month full of learning, networking, and real estate opportunities.

In the manufactured home industry, I've heard more complaints about new homes being bought and installed straight from the factory than consumers buying older homes direct from homeowners.