While you're talking to the City, ask about any 'open permits', this property sounds pretty fishy.

Your mobile home park sounds like a solid investment.

It sounds like if you can keep saving and buying properties in other areas eventually you'll have enough to buy the 2.5M house.

When they do, expect much lower leverage.It sounds like you haven’t purchased the land yet.

Long term, fundamentally sound real estate shouldn't be returning 20+% IRRs, historically.  

@Jon Kelly sounds good!

House hacking can also be a solid way to offset expenses early on.It sounds like you're diving in with a great mindset and skill set—being handy and managing yourself puts you ahead of the game. 

That sounds like a great opportunity.Most of my listings are in St.

The build cost would be a little higher because i would use foam in the exterior walls and also use insulation in the interior walls for energy saving and sound dampining.

@Caroline Gerardo  @Thomas LebensCaroline - From the info you are providing, it just sounds like I just have a broader list of DSCR wholesalers at my disposal that offer better terms than those you are using.Thomas - The bottom line is that you can definitely use a DSCR loan to meet your needs and achieve your investing goals.Have a GREAT weekend!!