You might get 10 years out of it.I have higher end rentals that came with carpet in bedrooms and they have really lasted because we have upscale guests that don't do crazy stuff.

A little higher premium but nothing too outrageous. 

Down payment can be higher than primary, but the good thing is that you won't need that much income to qualify because lenders can you 75% of the market rents for the units of the property.

However, those few who are financially saavy and have integrity and grit I believe will benefit from it until they are able to have enough experience to go off and do their own thing, charge less fees and be able to have more repeat business while keeping a much higher ROI themselves.And NO, i've never been in this program, been around much longer than he even thought of this revenue stream. 

I frequently speak with folks who are finding out that:A: They have a partial claimB: The partial claim amount is astronomically higher than expectedC: HUD failed to record their lien (not as common as A and B) and then was forced to pursue the homeowner after a saleSince FHA has been basically pushing everyone they can into a loan mod per "Covid mortgage rescue" plans, these will be an ongoing issue for many years to come.

The lower in Class you go, the higher the risk!

I was furious, and wanted to walk on the principal of the thing, but my wife talked me down on the fact that even at $3k higher it would be a good house - and it has turned out to be, another $100k+ profit. 

I bet you will get 75% higher response to your e-mails.Would love to hear everyones thoughts on this.

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.  

And I am even on board with the idea that the value of the lot would be much higher if it was 3 lots.