https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?

One common approach is to form a legal entity, such as an LLC, where both of you are equal partners.

10 year (the common benchmark for CRE loans) just keeps climbing.

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

Rentals have remained pretty hot outside of common slower times around holidays.

When I help buyers in COS and they see $700+ HOA and I explain the land lease scenario they don't consider it an option.   

Hopefully that upfront diligence plus a healthy contingency budget would suffice to keep me out of that scenario, otherwise I would foresee a guaranteed loss, or underperformance at the very least.

For last minute cancelations, the entire amount is non-refundable, for this exact scenario. 

For 2 units; DSCR can go to 85% LTV or 15% down for purchase OR 75% LTV for Cash out in your scenario. 

@Mario MoralesI think this is a common question and the value that an agent will bring will vary by individual needs.