If you're using a DSCR loan to purchase the home, most lenders use the lower of the lease agreement or 100% of the market rent from the appraisal form 1007 to determine the DSCR.

We had to read some IRS publications when we were uncertain about a few things.

They don’t factor in the quality of renovations or unique property features, which are critical when determining a true ARV.

We are at the feasibility stage and need help determining the best way forward for the land we have in Maricopa, Arizona.

Sometimes they have a pre-determined amount they are willing to share, sometimes they say they are willing to pay but the amount must be negotiated. 

That’s how appraisers will determine value, and that’s what the lender should be looking at.3️⃣ Challenge their underwriting logic – If you built the exact same two townhomes on separate parcels instead of one lot, would they still insist on using duplex comps?

The only figure I can’t determine is the monthly mortgage because interests fluctuate and the down payment.

Is 10-15 miles too big of an area when determining the unit count per person?

This will help you determine if it’s financially viable.Insurance: Look into insurance for both the mobile home and your land.

The first, and most critical, step is to determine the property’s After Repair Value (ARV).