If it was originated recently an option would be to have them refinance it - but if it’s a low interest rate then they will most likely want to keep itWhat does your operating agreement say about this?

@Bonnie Low so our MTRs in Dallas are actually in a suburb west of Dallas called Irving.

Some lenders will be as low as 1.00 DSCR but many will be higher, say 1.15 or 1.25 DSCR to qualify.If you are looking at institutional lending, then the collateral becomes the prominent part of the puzzle.  

The reason you get the low down payment and the low interest rates are because you're personally guaranteeing the loan based on your stable income. 

60% LTV is not that low, particularly in a higher rate environment where the debt service coverage requirement (cash flow) is now limiting LTVs to 60-70% in many cases anyway.Separately, should be able to get a commercial loan with a rate in the 6s.

Some are even offering interest rates as low as 4.75% for a 30 yr fixed loan. 

Hello @Roger Brittingham,Moving singlewides could be a great low-cost investment, but be mindful of these considerations:Moving & Setup Costs: Relocating singlewides can be expensive (transport, permits, setup, utilities).

My issue with fourplxes is that based on tenant demographic rent per unit is quite low.

I’m not saying you can’t do it, I’m just saying it’s not worth doing unless you’re unemployed and like doing it or your rents are high and your maintenance is low.

Low income neighborhood; save on taxes How did you find this deal and how did you negotiate it?