As long as the property generates enough cash flow to service the debt, you qualify—without the need for personal income verification.This type of loan is ideal for those serious about growing their real estate portfolio, especially if you’re self-employed or have irregular income streams.Why DSCR Loans Matter for Real Estate InvestorsWhen it comes to real estate investing, traditional loans can often be restrictive, requiring personal income verification and imposing limits on the amount you can borrow.

Yes this is very common in trading of NPLs with very aged past due dates, which could be outside of the statute of limitations. 

We have bought three deals this year, and closing on a fourth next week.I'm also a life coach, and limiting beliefs have held me back.

Ignoring short-term bridge loans, most commercial loan sizing is limited by DSCR, but they are not called DSCR loans. 

If you happen to be in a LIHTC area, then I do have an impact lender who might do a OTC loan, but it would be with limited recourse options.Non-Recourse options are very tough to find these days, even at banks. 

Plus, in FL, property managers are very limited in what kind of an eviction they can file.

Note that my experience is limited to NC, SC, VA jurisdictions, so keep that in mind when reading this or my other posts about solar. 

The period during which it was rented as an STR may allow for partial deductions, but transitioning it to personal use would limit the amount of depreciation you can claim going forward.

We can definitely explore options for a mortgage on your $350k property to fund both your current renovation and the purchase of your next investment property.For the new property, we can also consider a separate mortgage to cover its purchase and rehab costs.Regarding the rural location, while it may limit leverage to around 65% of the property's price/value, we can work within these parameters.Given your equity position and experience, I'm confident we can structure a solution that meets your needs.

It is very hard to generate money with sub-standard real estate in the long run, capex tends to exceed cash flow and you are not creating meaningful equity either.As long as your properties are financed cash flow will be maybe not nothing, but indeed be quite limited.