I've been thinking of opening a business credit card and using this exact same process, but I was wondering if I tell my DSCR lender if that's my plan from the beginning?

It's not as easy as everyone thinks.

You can wargame scenarios to decide what you think is best.On the other hand, that is a pretty sizeable rehab budget. 

I think I have been taken for a ride.

How many bedrooms does it have and what do you think it'll rent for?

I think I could get in the 5k-10k range for a down payment.

I’ve not drove up to Sherman yet so didn’t think much of it until I started reading about the chip factory going in.

My main question is whether it makes more sense to go the seller financing route and pay off the principal in 8–10 years or stick with a standard 30-year loan.My thinking is that the tax deductions from a mortgage wouldn’t outweigh the potential equity I could gain over those 8–10 years.

This would reduce my monthly expense to $3,568, saving $144/month.Questions for the Community:Which of these options do you think makes the most sense for a long-term rental in NYC?

I have tried both, I think it depends on the market you are targeting and the type of leads.