There is a city wide ruling that it isn't allowed.

We just discovered a crack in the concrete slab foundation that is a borderline major problem:- It is a vertical crack about 1/8 inch wide that is at least 9ft long, which is causing a 3/4 inch drop in the flooring and some evidence of old (luckily) limited moisture and termite intrusion. - BUT, it also appears old and probably a symptom of the original house settling.

DSCR loans are widely available to first time investors, but they are considered business purpose loans and you will be required to sign documents stating that neither you nor any family member will occupy the property as your or their primary residence as long as that loan is in place. 

We are looking for lenders that understand the market (we are in Lousiana and are casting a wide net due to flexibility) and that will fund our first deal(s).

Right now commercial rates are more like 6% with a point. the only loans from banks I see tied to prime are vertical construction loans or horizontal construction loans.I had the same issue with I had maxed out my rental loans with lenders like Country wide and Wells fargo that reported to fico..

We're making progress.Thank you everyone, be safe out there on the World Wide Web.

Unless a tenant plowed a hole in the foundation or siding, or just left the doors wide open all hours of the day, one would be hard pressed to say they caused a rodent infestation.  

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We like to cast a wide net and get as many leads into the funnel as possible.

Ya the initial reason my tenant wouldn't leave when the lease was up was basically she was too afraid of covid, now that the vaccine is out and will be widely available theres no more excuses.