New Garage door on detached 2 car garage.My mortgage company is Citizens Bank and from looking at their rules for PMI cancelation(per google AI) they are:"Citizens Bank will automatically cancel private mortgage insurance (PMI) when your loan-to-value (LTV) ratio reaches 78%.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

Annual rent with the 1% rule is $12.5k.

They follow a straightforward process that has proven successful throughout history: increase earnings, reduce expenses, save as much as you can, invest as much as you can, and wait patiently. 

Aloha Tekoa, The problem with DSCRs is every lender has their own particular sets of rules/guidelines which Devin mentioned above.

If things go sideways, you will have much more than a simple eviction to contend with.Keep the paperwork simple and straightforward:  I suggest you do a lease with an option to buy. 

There are industry specific rules on using a co-signer for real estate. 

@Michael Kazalas, personally this sounds like too many cooks in the kitchen, but also a very clear violation of SEC rules around material involvement.Granted, I don't know much about fractional ownership other than vacation rentals, which are limited to 8 owners, typically.  

(This is against SEC rules.

They seem to be listed too high and there is no room for the 70% ARV rule.