The 700+ score means NOTHING without enough accounts to support it.

I've been interested in Real Estate for a long time now, was even a loan originator at one point.

We are all familiar with buying or originating a note and collecting  the interest until the notes pays off.  

**Conventional Loan:**- Conventional loans might have better interest rates but often require higher credit scores and more personal income verification.- They might not be as flexible as DSCR loans for investment properties.

This means that the principal balance of your loan is 78% of the original value of your home.

Partner financed the original purchase price, we refinanced using a DSCR loan with no money down from my end.

I am from this area originally. 

That said, lenders may allow these transfers without triggering the clause as long as the LLC is owned by the original borrower (you).For your question about which account to use for the down payment, it generally makes sense to pay from your personal account, especially if the mortgage is in your name.

Hi Nadia, here's a few things to consider:Credit Score: Set a minimum, like 600-650.Income: Require 3x the rent in monthly income.Employment: Verify stable employment.Rental History: Check for positive rental references.Background Check: Make sure they don't have any criminal history.Security Deposit: Typically 1-2 months' rent.Pet Policy: Decide if you'll allow pets and set fees if needed.

Talk to the current owner to see how long the leases have been in place and the look up local laws to see what happens when the original lease ends (typically 1 year) and what happens if no end date is stated.