Or have you discussed extending the loan for another year in hopes rates go down.

There are other DSCR lenders who require 6 months seasoning / waiting period from the last transaction. 75% LTV is a better rate compared to 80% which will increase the rate and make it harder to reach a DSCR 1 ratio.

It feels like this would be like asking a seller to be a HML because you'd have to offer a higher interest over a shorter period of time.

DSCR requires No income, No Taxes and Commercial requires a PFS, occupancy ratios usually above (90%), Credit scores above 720+ much higher assets for (PITI reserves and overall risk, landlord seasoning, and more.A Heloc can be used in most cases for anything but when you are trying to buy a commercial building which is higher risk, the committee/UW can and in most cases will deny it if they feel you are over extended low assets or with no landlord experience, unless you have a meaty amount of equity to cross collateralize for a junior lien on another property.

Unfortunately, overpricing is a common issue, distorting market realities and extending time-on-market.

With that said, we look at over 100 items during the inspection period, and keep in mind, some those items also require a fairly deep understanding of we expect the park to operate, given those potential variables.

"We've been trying to reach you about your car's extended warranty"98% probability that this is spam from some bait and switch lender who's also buying trigger leads by the metric ton.

The county you live in may require code inspections if utilities have been off for an extended period of time.

All done with antique period fixtures.

I know in Washington state a home owner can do their own work including electrical and plumbing, but as you pointed out has to live in the property for 1 year after completion.If you get licensed as a contractor (in WA state it takes some paperwork, filing fee and insurance/ bond, no test, no experience etc.. )  Then you do the work under you contractors license and no holding period needed.