Explore a DSCR Loan with Reduced Down PaymentSome lenders offer DSCR loans with minimal cash-to-close requirements if your property cash flows (even marginally).

All fixed fee with out of scope offerings as well.

Neighborhood revitalization projects, major corporate investments, and an influx of small businesses were all happening at a pace that made it clear the city is on an upward trajectory.From an investor’s perspective, Detroit offers a unique combination of affordability and opportunity.

The owner should look at it more like a DSCR, and should be pricing the property and offering terms such that the income from the property is adequate to pay back the loan.

I'll definitely reach out if I have any questions.Your offer to share tips and tricks on the finance side sounds incredibly valuable.

If they are relatively the same but offer a front desk etc maybe they are superior. 

We have offered to allow her to pay a reduced rent for the first few months as well but I am worried that may create some sort of limit on how much we can raise the rent on her in the future.

I new based on the sellers situation that if I offered cash, close in 10 days, that it would be an enticing offer.

I'd like to use this to make an "all-cash" offer on a SFR, and then convert that to a conventional mortgage to pay off the HELOC.  

And if you base an offer price on that, you'll likely have an extremely difficult time getting any traction.