We also work with 203K construction loans which NEVER give a deposit. 

Classic 30 year, fixed rate loans.

So she's just behind in her mortgage and probably has a notice of default or whatever the procedure is in Florida.Your ability to get a loan for the home has nothing to do with her payment history on the home.  

Never used a DSCR loan in the past and have always understood those rates to be higher by a point or two in most cases. 

@Rae Chris, finding a "0% down" loan is hard, if not impossible today, even with your first property as collateral.  

There was an article published in Sept 2024 that showed the average consumer would save over $10,000 by working with a broker vs a direct lender over the life of their loan.

Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)

Smaller house cost, lower loan costs.

.- Financing: Starting with cash but hoping to secure loans for future investments.

We likely need to look for local lender that is keeping loan in house.