I signed up with them about 3 to 4 months ago, then found out how expensive the loan was to get going with them and told them that I would self finance it instead but they had to cancel the loan first...they use a company called Special Financing Company..the person I spoke to at REI his name is Paul, he said he would take care of canceling the loan, but a month later I realized that they were pulling $599 out of my bank account.

I answered a question yesterday by saying "DSCR loans are like belly buttons...everybody's got one."

I spent years there in Jackson did probably 1000 flip loans to locals and owned at one time 200 sfrs..

What are you looking to achieve in the short, mid, long term?

Long-term wealth is it's superpower, and yes, you have a little cash flow to keep the lights on. 

Consider using an FHA loan to secure a 1–4 unit property with just 3.5% down and take advantage of tax benefits by living there for at least two years.

ThanksBrett, we do flips and rehabs and have several lenders in the area that specialize in ARV "style" loans.

The good news is you don't need a specialty loan for a house hack, just a traditional primary home loan.

Those were the situations where I was looking for ways to make it work.Don’t come out the gate haggling, or even discussing the terms at all.

We are now doing short term rentals but we're thinking about changing to a small wedding venue.