If anyone has any recommendations for an Architectural Designer or Structural Engineer who can help design and put the plans together that would be awesome.

This means it won’t affect your credit score or show up when you apply for personal credit in the future.Flexible Terms for Investors: Since DSCR loans are designed for investors, they tend to be more flexible in terms of documentation and loan structure, making them a smoother process compared to traditional loans.This option sounds like it could meet your goals for separating business from personal while unlocking equity in your property.

An architect or structural engineer needs to provide you with load-bearing plans for permit with the city or confirm the wall is NOT load-bearing. ($1300 for plans if only a wall--I pay $3500 for a site visit by them and close to full gut of kitchen/baths/door moves/wall removals)  Do not skip the permit!!!!  

Hey BP, I'd like to learn more about a purchase structure I don't hear about often: just a straightup option to purchase or purchase option agreement (NOT a lease option). 

This is a supply-demand function.

DSCR loans don't require personal income verification or a debt-to-income ratio, making them ideal for properties with strong cash flow, even if the current owner has credit issues.Here's how it could work:You could use a DSCR loan to refinance the hard money loan, securing more favorable terms without having to involve the seller's credit.Since the rental income easily covers the property’s debt service, you’ll be in a good position for lender approval, bypassing the conventional mortgage route.This approach could allow the owner to stay in the house, while you take over financing with a less restrictive structure.

Good thing one constraint to home sales — the lack of supply — is easing.

I used to work in consulting for the robotic division at DHL Supply Chain.

Does the lending support borrowing under a company or trust structure for tax benefits?

The inspector checks the plumbing and electrical systems, the roof, the foundation, the HVAC system, and the general structural condition.