Thanks Greg, that sounds like good advice!

This sounds like your situation, Brody.It may be easier and more convenient to find one lender that provides both the purchase and rehab funds but don’t feel that your hands are tied.

It sounds like a great rental, however, you know it better than anyone on here. 

If you plan to rent what are the area vacancy rates, how much other housing is currently available in the area.After consider these things it is easier to make a sound decision based on your investment goals.

Sounds like the issue is the lender you are working with does not allow first time home buyers for DSCR.

It’s flexible and can help you fund deals quickly.Lease Options: Similar to “rent-to-own,” you control a property with minimal upfront costs and can potentially get a cut of the appreciation if you decide to buy it later.Lines of Credit: If you already own a property with equity, a HELOC or business line of credit can give you accessible funds for down payments or renovation costs.House Hacking: This might sound basic, but if you haven’t tried it, it can be a fast track to building up rental income and experience without a ton of cash down.

It sounds like you have done this before and have a good plan in place.

Does that sound like a good plan or that is a stretch?

I have a ninja trick (that sounds cool doesn't it) to where the bank will accept alot less than the appraised value.

NSPIRE inspections will more accurately reflect the true physical conditions of properties and ensure that property owners adopt sound maintenance practices to eliminate health and safety hazards that may pose a threat to residents.