Since the average company lifespan is 10–18 years, most private-sector jobs your current tenants hold will disappear in the foreseeable future.

That would be a separate mortgage and not what amounts to a second loan on your personal residence, which if you have spouses, they might not be that into. 

I used a private lender, BackFlip.

Private Loan How did you add value to the deal?

It creates a new mortgage around an old mortgage. it's like seller financing when you have a loan in something.

DSCR recently came popular in the loan brokerage and private credit space with the rise of STRs and MTRs.Your local bank lenders will have the best rates typically.  

I am currently looking into private lending on another property in either Illinois or St.

(gross rents $4900; 8% PM; mortgage+insur+taxes = $3600/mo).

I am going to finish the rehab and get it rented then resubmit for a rental loan.I have used Cashcall Mortgage twice and have been very happy with them but Elite seems to be more flexible and have more options so was going to see if they are competitive.

I have a contract on a house in Phoenix AZ with a value of $500,000 and a mortgage of $288,000 to be taken subto.